Peoples Tax Service Inc

Peoples Tax Service Inc Saving you Tax Dollars is our Business!!!

01/21/2020

P.E.O.P.L.E.S.Tax Service Mission Statement
Preparers who are
Eager and
Obsessed to be
Persistent at
Laboring to render
Excellent
Service 365 days a year

The IRS is expanding a pilot program that uses Identity Protection Personal Information Numbers (IP PINs) to provide an ...
09/30/2019

The IRS is expanding a pilot program that uses Identity Protection Personal Information Numbers (IP PINs) to provide an extra layer of security for taxpayers. The program can be used by residents of the District of Columbia, Florida, Georgia, California, Delaware, Illinois, Maryland, Michigan, Nevada and Rhode Island. Appropriately, these states have a high incidence of ID theft.

IP PIN program details
Unless you are a victim of IRS identity theft, participation in this program is voluntary. You can opt-in to receive an IP PIN if you live in one of the included states and you filed a tax return last year.

So why opt-in? The IRS uses the IP PIN to better verify the taxpayer’s identity. It can prevent clever hackers from using your Social Security number to file fraudulent returns or access returns you’ve already filed.

Keep in mind that if you choose to get an IP PIN, you'll need to use an IP PIN for all future filings. You can file your return as you normally would if you decide not to participate in the pilot program.

Getting your IP PIN
You can use special IRS tools to obtain an IP PIN and verify your identity through a two-factor authentication process. Go to the Get an IP PIN page on the IRS website to get started.

A new IP PIN is generated for every filing season. It may be retrieved mid-January by logging into your account.

Have you experienced ID theft? The IRS will continue to issue new IP PINs to taxpayers who have already been victimized by tax-related identity theft.

It’s expected that the IRS will open up the program to taxpayers nationwide once it works out all the kinks. Look forward to more developments.
Remember, IP PINs are renewed every year.

09/23/2019

Kids aren’t the only ones heading back to school this fall. Many adults are also taking courses to pursue a new career or improve their current job skills. Fortunately, adult students may qualify for several tax breaks. Here are four possible options:

American Opportunity Tax Credit (AOTC). The AOTC is one of two credits for qualifying higher education expenses. The maximum credit of $2,500 is phased out based on income. To qualify, you must be enrolled at least half-time and not have finished four years of higher education. The credit does not rule out your eligibility because of age.

Lifetime Learning Credit. If you can’t claim the AOTC, you may be able to use the lifetime learning credit (because you can generally only claim one credit in a tax year). The maximum lifetime learning credit is $2,000, as opposed to $2,500 for the AOTC, and there is an income phaseout that occurs at lower income levels than the AOTC. But you don’t have to be enrolled half-time and the credit isn’t restricted to four years of study. It’s even available if you take just one class.

Student loan interest deduction. Do you need to borrow money to pay for schooling? If you qualify, you can deduct up to $2,500 of your annual student loan interest on your tax return. The deduction is subject to a phaseout based on income. Keep in mind that to claim this deduction, you need to be the one who is repaying the loan.

Educational assistance plans. Perhaps the best way to go back to school is to have your employer pay for it. With a written educational assistance plan that meets all the tax law requirements, the first $5,250 of education expenses paid by your employer is tax-free to employees and deductible by the employer. The coursework doesn’t even have to be job-related.
Education tax breaks aren’t just for kids. Each of these educational tax saving opportunities is filled with additional rules and requirements. Please call for a review of your situation.

09/13/2019

Statute of Limitations on what you owe the IRS is 10 years.

09/13/2019

Statute of Limitations on Refunds is Three Years!!!

09/13/2019

C-Corps and Individual extensions are due October 15th!!!

09/13/2019

Expect penalties to result If S-Corps and Partnerships returns are not timely filed.

09/13/2019

S-Corp and Partnership returns are due on September 16th.

08/08/2018

Income Tax Record keeping is very important. Your record keeping should be so where not only you can understand but the IRS as well!!!

05/12/2018

As a result of the New Tax Law that went into affect December of 2017 severe Tax Implications are in store for employees who are Ministers and Over the Road Truckers.!!!
Now is the time to plan for tax planning before year-end.

11/20/2017

We are currently seeking to employ a professional Tax Preparer who has 10 years or more experience in the Income Tax Preparation Industry. Potential candidate must have experience in the preparation of complex Individual Tax Returns, Partnership and Corporation Returns eith a valid PTIN.
Salary will be commensurate with experience and industry credentials.
Please submit your resume to [email protected].

John F Peoples Jr.

01/19/2017

2017 TAX SEASON IS HERE!!! Peoples Tax Service is now offering up to $1200 Tax Refund Advance Loan... Funds could possibly be received as quickly as within 24 hours. Contact John Peoples today!!!

864-574-2961

Address

426 E Blackstock Road
Spartanburg, SC
29301

Opening Hours

Monday 9am - 7pm
Tuesday 9am - 7pm
Wednesday 9am - 7pm
Thursday 9am - 7pm
Friday 9am - 7pm
Saturday 9am - 6pm

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