Gamble & Livingston CPAs, LLC

07/31/2025

IRS Commissioner Billy Long states the IRS is aiming to start the 2026 filing season around Presidents' Day, about three weeks later than normal. This is due to the massive undertaking to implement the One Big Beautiful Bill along with an expected 25% loss of its total workforce by Sept 30th of this year.

10/01/2024

IRS provides relief for Helene.

IR-2024-253, Oct. 1, 2024 — The Internal Revenue Service today announced disaster tax relief for all individuals and businesses affected by Hurricane Helene, including the entire states of Alabama, Georgia, North Carolina and South Carolina and parts of Florida, Tennessee and Virginia.

08/13/2024

The Internal Revenue Service announced August 9th tax relief for individuals and businesses in South Carolina that were affected by Tropical Storm Debby storms and flooding that began on Aug. 4, 2024. These taxpayers now have until Feb. 3, 2025, to file various federal individual and business tax returns and make tax payments.

Read more here:

SC-2024-07, Aug. 9, 2024 — The Internal Revenue Service announced today tax relief for individuals and businesses in South Carolina that were affected by severe storms and flooding that began on Aug. 4, 2024. These taxpayers now have until Feb. 3, 2025, to file various federal individual and busin...

01/25/2024

"If you’re looking for an accountant to help you with your taxes this year, good luck."

Taxpayers may have a harder time finding an accountant — and may need to get creative about tax help. Here are three options to consider.

12/22/2023

Standard Automobile Mileage Rates Increased for 2024

The IRS recently announced the standard mileage rates for automobiles beginning January 1, 2024:

05/18/2023

If you recently purchased a home in South Carolina and it is your primary residence, the deadline to apply for owner-occupied property tax rate is quickly approaching.

🗓️TWO WEEK NOTICE 🗓️

Did you move to Horry County in the last year, or see another form of ‘property transfer’ and owner occupy your home in Horry County?

If so, you may want to turn in your ‘legal residence’ application and supporting documents before Wednesday, May 31, 2023! That’s two weeks away!

These documents are due to the Assessor’s Office (1301 2nd Avenue, Conway SC 29526). If needed, you can fill out the application online here — https://onbaseweb.horrycounty.org/appnet_16/UnityForm.aspx?key=UFKey

Turning the documents in by May 31 ensures your tax bill (which you will see later in the year) will be at the residential (4%) rate.

‘Legal Residence’ is a statewide special tax assessment rate for those who own and live in a home in SC.

Have questions? Call the Assessor’s office at 843-915-5040 or email [email protected]

02/13/2023

For South Carolina taxpayers, the state tax rebate may be taxable income for federal tax purposes. Details here from the IRS.

IR-2023-23, Feb. 10, 2023 — The IRS provided details today clarifying the federal tax status involving special payments made by 21 states in 2022.

08/16/2022

In case you were wondering why the IRS needs more funding…look at this unbelievable tour of an IRS processing center. We’re talking fax machines, Windows XP, COBOL software from the 1970s, and boxes of paper filling the cafeteria.

This is the antiquated system the IRS uses to process millions of tax returns each year.

08/10/2022

The South Carolina Department of Revenue (SCDOR) will issue close to one billion dollars in state tax rebates before the end of the year but only to those who have filed their 2021 SC Individual Income Tax returns by October 17, 2022, the filing extension deadline.

State lawmakers approved the rebates in June as they finalized the state budget. This rebate is based on your tax liability up to a certain amount. However, that amount cannot be determined until after October 17, when all eligible returns have been filed.

More details at https://dor.sc.gov/resources-site/media-site/Pages/South-Carolina-tax-rebates-are-coming-to-eligible-taxpayers-who-file-returns-by-October-17.aspx

03/30/2022

The IRS has raised the Educator Expense Deduction from $250 to $300 for Tax Year 2022. This deduction benefits educators who pay for school supplies out-of-pocket. Anyone filing a tax return in Tax Year 2021 will continue to use the $250 deduction amount.

IR-2022-70, March 29, 2022 — The IRS today reminded teachers and other educators planning ahead for 2022 that they’ll be able to deduct up to $300 of out-of-pocket classroom expenses when they file their federal income tax return next year.