Welcome to Ingram & Associates Tax Firm
Established 1966
Individual / Business / Corporate Tax Returns
Professional Bookkeeping and Payroll Services
Voted #1 Tax Preparers for 2019 & 2020!! #BestofSumter. Thank-you Sumter!
Make your appointment with the Best!
Guaranteed, Dependable, Year-round Service
Where we care about our clients and offer reasonable rates
ABOUT US
MEET THE TEAM
Charles C. "Buck" Ingram
President / Tax Preparer
Buck started Ingram & Associates in 1966 while he was also employed by the US Postal Service. He has grown the business to 4000+ clients and I&A has a 99% accuracy rating. Coming from a "country" background, Buck enjoys helping people get the most out of every dollar they can on their Individual and/or Business tax returns.
Christopher D. Ingram
Vice-President / Tax Preparer
Chris has been working with his dad for over 12 years at I&A. He strives to give his clients the best tax advice possible. You can count on Chris and his valuable experience as an IRS Registered Tax Preparer to get you the most money back on your Individual or Business return.
Jim L. Lamb
Tax Preparer
Unfortunately, Mr. Lamb passed away in September 2018 and will truly be missed by all! We request that you please make your appointment with Chris or Beth to take care of your tax and business needs. This team is dedicated to serve you!
Susan E. "Beth" Huggins
Bookkeeper/Tax Preparer/Notary Public
Beth received a BS degree in Business Administration, with emphasis in Finance, from USC-Aiken. She has 30+ years of Accounting experience and joined I&A in Jan. 2017 as Bookkeeper and an IRS Registered Tax Preparer. She is currently taking new bookkeeping clients as well as tax clients. Call I&A to set up your Bookkeeping meeting or to make your tax appointment today.
Angela Green
Administrative Assistant
After 12 years of service at I&A, Angie will set up your appointment and process your documents with care and accuracy. She is extremely conscientious about her work and is very personable. Angie will have some temporary help in the office again this year, so put these ladies to work and make your tax appointment today!
Thank you Aggie Newman!
We regret that Aggie Newman, with her many years of dedicated service, will not be returning this season. However, we are happy to report that she has Retired and is enjoying spending time with her family and friends.
Review the following tips for being prepared for your 2019
tax appointment
If possible, please do not bring children to your appointment
- Please bring all statements that show the wages, interest or any other income you received during 2019 (W-2's, 1099's, your Social Security Statements, Pensions & Annuities, etc.)
- If you withdrew money from your 401k, please bring the required documentation (Form 1099-R)
- If you were unemployed, received alimony or gambling winnings, please bring these documents with you (W2-G)
- If you paid any Student Loans during 2019, please bring form 1098-T with you (provided by College)
- If you were Self-employed during 2019, please bring totals of your income and expenses by category (see below)
- If your child goes to daycare, we need to have the ID number (or Social Security number) and address of the provider along with the amount you paid to them
- If you are covered by Health Insurance please bring a copy of your 1095 A, B, or C - whichever applies to you
With proper documentation, the following may be deductible:
- Unreimbursed medical expenses
- Moving expenses (only if Military)
- Recognizable charitable donations
- Overnight job related expenses (log book if filing Schedule C)
- Job improvements (if you own your own business)
- Casualty losses (if loss was from a natural disaster)
All receipts should show a grand total
For Business expenses and Rental property, please have a total expense for each of the following categories, if applicable:
- Advertising
- Car & Truck Expense
- Commissions and fees
- Contract Labor
- Insurance (other than health)
- Interest paid on Mortgage and/or interest paid on other loans for your business
- Legal and Professional fees
- Office Expense
- Rent or lease
- Repairs & Maintenance
- Supplies
- Taxes & Licenses
- Travel
- Deductible Meals
- Utilities
- Wages paid to employees
- Other Expenses
If new equipment was purchased, please provide a list of equipment with the date purchased and the amount.
Filing Deadlines:
January 31, 2020:
Furnish W-2 Copies B, C, & 2 to employees. File Copy A along with Form W-3 to the IRS.
Furnish 1099 Copy B to recipients. File Copy A with the IRS along with Form 1096 for paper filing.
March 15, 2020:
Last day to file Partnership and Corporate Returns
April 15, 2020:
Last day to file Individual Returns
Need more time to file? Then use Form 4868 to apply for an automatic extension.
Print Form 4868, fill out the requested information, attach the amount you think you will owe on your 2019 tax return and have it postmarked by April 15, 2020 to receive an automatic extension until October 15, 2020
.
The filing deadline and the payment deadline has been extended to July 15, 2020 for Federal and SC tax returns.
From the IRS.gov website:
Check IRS.gov for the latest information: No action needed by most people at this time
IR-2020-61, March 30, 2020
WASHINGTON — The Treasury Department and the Internal Revenue Service today announced that distribution of economic impact payments will begin in the next three weeks and will be distributed automatically, with no action required for most people. However, some seniors and others who typically do not file returns will need to submit a simple tax return to receive the stimulus payment.
Who is eligible for the economic impact payment?
Tax filers with adjusted gross income up to $75,000 for individuals and up to $150,000 for married couples filing joint returns will receive the full payment. For filers with income above those amounts, the payment amount is reduced by $5 for each $100 above the $75,000/$150,000 thresholds. Single filers with income exceeding $99,000 and $198,000 for joint filers with no children are not eligible.
Eligible taxpayers who filed tax returns for either 2019 or 2018 will automatically receive an economic impact payment of up to $1,200 for individuals or $2,400 for married couples. Parents also receive $500 for each qualifying child.
How will the IRS know where to send my payment?
The vast majority of people do not need to take any action. The IRS will calculate and automatically send the economic impact payment to those eligible.
For people who have already filed their 2019 tax returns, the IRS will use this information to calculate the payment amount. For those who have not yet filed their return for 2019, the IRS will use information from their 2018 tax filing to calculate the payment. The economic impact payment will be deposited directly into the same banking account reflected on the return filed.
The IRS does not have my direct deposit information. What can I do?
In the coming weeks, Treasury plans to develop a web-based portal for individuals to provide their banking information to the IRS online, so that individuals can receive payments immediately as opposed to checks in the mail.
I am not typically required to file a tax return. Can I still receive my payment?
Yes. People who typically do not file a tax return will need to file a simple tax return to receive an economic impact payment. Low-income taxpayers, senior citizens, Social Security recipients, some veterans and individuals with disabilities who are otherwise not required to file a tax return will not owe tax.
How can I file the tax return needed to receive my economic impact payment?
IRS.gov/coronavirus will soon provide information instructing people in these groups on how to file a 2019 tax return with simple, but necessary, information including their filing status, number of dependents and direct deposit bank account information.
I have not filed my tax return for 2018 or 2019. Can I still receive an economic impact payment?
Yes. The IRS urges anyone with a tax filing obligation who has not yet filed a tax return for 2018 or 2019 to file as soon as they can to receive an economic impact payment. Taxpayers should include direct deposit banking information on the return.
I need to file a tax return. How long are the economic impact payments available?
For those concerned about visiting a tax professional or local community organization in person to get help with a tax return, these economic impact payments will be available throughout the rest of 2020.
Where can I get more information?
The IRS will post all key information on IRS.gov/coronavirus as soon as it becomes available.
The IRS has a reduced staff in many of its offices but remains committed to helping eligible individuals receive their payments expeditiously. Check for updated information on IRS.gov/coronavirus rather than calling IRS assistors who are helping process 2019 returns.
