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New South Carolina Tax Credit to Incentivize Expanding Trail System

Cherry Bekaert

Contributor: Nick Cousino, Senior Manager A new South Carolina tax credit that encourages private parties to expand the state’s ever-growing trail system went into effect May 13. Therefore, South Carolina taxpayers who may qualify for the trails credit should plan to take advantage of the credit from tax years 2024 through 2028.

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After $3.5 Billion Accounting Error, South Carolina Comptroller Could Be Ousted

CPA Practice

Harris, The State (TNS) After South Carolina Comptroller General Richard Eckstrom’s office made a multibillion mistake, a panel of Senate budget writers are suggesting the Republican be removed from his position and the office stripped of several responsibilities. In South Carolina, the comptroller general is an elected office.

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South Carolina Return Preparer Sentenced to Prison for Tax Fraud

CPA Practice

A South Carolina woman was sentenced today to 37 months in prison for conspiring to defraud the United States by preparing and filing false tax returns. Boroughs for the District of South Carolina made the announcement. Acting Deputy Assistant Attorney General Stuart M. Attorney Adair F.

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South Carolina Return Preparer Sentenced to Prison for Tax Fraud

CPA Practice

A South Carolina woman was sentenced today to 37 months in prison for conspiring to defraud the United States by preparing and filing false tax returns. Boroughs for the District of South Carolina made the announcement. Acting Deputy Assistant Attorney General Stuart M. Attorney Adair F.

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South Carolina Increases & Extends Abandoned Buildings Tax Credit

Cherry Bekaert

South Carolina legislature recently passed both an expansion and extension of the Abandoned Buildings Revitalization Act , which has been instrumental in the revitalization of abandoned and neglected properties across the state.

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South Carolina Return Preparer Pleads Guilty to Filing False Tax Returns

CPA Practice

A South Carolina return preparer has pleaded guilty, after his jury trial had begun, to two counts of filing false tax returns. Attorney Adair Boroughs for the District of South Carolina and Special Agent in Charge Donald Trey Eakins of IRS-Criminal Investigation, Charlotte Field Office, made the announcement.

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What’s new in sales tax?

TaxConnex

The Court of Appeals of South Carolina has affirmed a state Administrative Law Court (ALC) finding that the online retail giant remains liable for eight figures in unpaid sales tax on third-party sales from 2016, interest and penalties. Here’s a review of some of the recent changes and updates. Amazon still liable.