TASVC Tax Services

09/28/2022

01/17/2018

To incorporate or not

Most provisions of the new tax reform act kicked in beginning January 1, 2018. Taxpayers and tax professionals alike have been mulling what the provisions of the new law might mean - and how to be best get around them. Tops in the minds of many taxpayers: Should I incorporate now to save on taxes?

12/27/2017

When it comes to Taxes... the IRS will not contact you over the phone and ask for Money.

The IRS doesn't initiate contact with taxpayers by email, text or other social media channels to request personal or financial information. Visit this page for instructions if you're unsure about any communication claiming to be from the IRS that you didn't expect to receive.

12/27/2017

IR-2017-204, Dec. 14, 2017 ― The Internal Revenue Service today issued the 2018 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.

03/13/2017

I have a Public Announcement...

We are called taxpayers because we all PAY taxes.

Contrary to countless television and radio advertisements imploring you to spend your refund on furniture, new tires and a new car; Everyone does not receive a REFUND!!!

Some citizens pay taxes during the year and then OWE more money during tax season. It is all based on your combined household income and how your finances are structured.

Married couples don't have the option of filing as single or as head of household to obtain a larger refund.

In addition, you cannot pick up varying dependents from year to year...without backlash down the road.

Before you file that return, contact TASVC at 919.961.0541 for a review.

02/12/2017

NCDOR Warns Businesses of Payroll Tax Scam
The N.C. Department of Revenue, along with the Internal Revenue Service and other state tax agencies, is cautioning businesses about an email scam that uses a corporate officer’s name to request W-2 information from company payroll or human resources departments. The information is then used to file fraudulent tax returns and claim the resulting refunds.

NCDOR officials urge business owners and CEOs to warn their human resources departments about unusual requests for their employees’ withholding information.

The payroll scam first appeared in North Carolina last year and has already resurfaced in 2017. This phishing variation is known as a "spoofing" e-mail. It will contain, for example, the actual name of the company chief executive officer. The "CEO" sends an email to a company payroll officer or human resource employee and requests a list of employees and information including social security numbers.

The following are examples of the verbiage and details that may be contained in the emails (note the incorrect grammar):

Kindly send me the individual 2016 W-2 (PDF) and earnings summary of all W-2 of our company staff for a quick review.
Can you send me the updated list of employees with full details (Name, Social Security Number, Date of Birth, Home Address, Salary).
I want you to send me the list of W-2 copy of employees wage and tax statement for 2016, I need them in PDF file type, you can send it as an attachment. Kindly prepare the lists and email them to me asap.

01/24/2017

The IRS officially began processing tax returns on today. In previous years, two weeks was the typical time frame in which you would be likely to receive a refund. This year, the IRS has publicized that tax refunds containing certain credits such as Earned Income Tax Credit (EITC) and Additional Child Tax Credit (ACTC) would not be issued until mid-February and could post to your bank account beginning the week of February 27.

02/10/2016

2015 Tax Filing Season Begins January 20 for Federal Taxes and January 20, 2016 for Sate of North Carolina Tax Returns.

CALL TASVC to address any tax questions you may have.

01/16/2015

The 2014 Tax filing season officially opens on Tuesday, January 20, 2015.

There are several changes to this year's tax code especially for North Carolina residents with the implementation of the new flat rate tax system.

It will be interesting to see how many people will owe NC taxes this year.

01/16/2015

http://www.ptindirectory.com/membership-certificates.cfm?cpa_dir_id=647050

10/20/2014

IRS Registered Tax Return Preparers