Clyburn Accounting Services, LLC

Tax season stress? Take care of yourself, too.

We’re fortunate to have Cari Chee, owner of Jade Acupuncture, in our building. Cari specializes in personalized holistic care rooted in Classical Chinese Medicine and informed by Western medical understanding.

Acupuncture can help with:
✔ Stress and anxiety
✔ Neck, back, and joint pain
✔ Headaches and tension
✔ Sleep and overall wellness

Cari provides thoughtful, one-on-one care and appointment times fill quickly this time of year.

✨ Schedule your appointment today:
https://jadeacugreenville.com/

🚗 **Parking Reminder:** Please use extra caution in the driveway and parking areas during tax season due to increased traffic, and use the new traffic mirror to help with visibility.

Invest in your personal health — you deserve it.

🚨 IRS Understaffed Ahead of Tax Season 🚨

Recent Government Executive reporting shows the IRS is operating well below authorized staffing levels, forcing the agency to shift employees with no tax experience into critical roles.

📉 Fewer staff
⏳ Slower service
💸 Real impacts for taxpayers and businesses
☎️ More missed correspondence and miscommunication

Understaffing at federal agencies isn’t abstract—it shows up in delays, backlogs, and missed service expectations.

Training of new employees lasts 80 days, meaning even recently hired employees will not be ready in time. Current IRS guidance for amended returns is a processing time of 16-20 weeks.

If you are counting on a refund this year for cash flow purposes, build in extra buffer time.

Slower or reduced customer service is to be expected, as the IRS has lowered its target for call answer rates from 85% to 70%.

We are here to help you navigate these headwinds and manage expectations.

🚨 SC Tax Heads-Up for 2025 Filers!!!

South Carolina has not adopted all of the federal tax changes in the OBBBA.

📌 What that means:

If you claimed OBBBA-related deductions on your federal return, you’ll need to add them back when calculating South Carolina taxable income. This includes standard deduction, senior deduction, tips, overtime, car loan interest, SALT deduction increase, research and experimental expenditures and Section 179 expensing of qualifying asset purchases.

📝 The details:

• SC Department of Revenue Information Letter #26-4
• Issued January 30, 2026
• SC has not conformed to the OBBBA at this time

🔍 What’s next?

SC DoR has indicated it will issue new guidance after the General Assembly addresses tax conformity. No such ETA was provided with the recent guidance.

Bottom line: federal rule changes don’t automatically apply in SC—double-check before you file. No one likes a tax surprise.

Give us a call if you have questions.

The IRS is continuing its move away from **paper refund checks** and transitioning more refunds to **electronic payment methods**, like direct deposit.

If the IRS does not have valid electronic payment information on file, they may **send a letter requesting updated details**. Taxpayers typically have **30 days to respond** to that notice before further action is taken on the refund.

To avoid delays:
✔️ Make sure your banking information is accurate
✔️ Open and respond to IRS letters promptly
✔️ Consider electronic refund options when filing

Staying proactive can help ensure your refund is processed as quickly and smoothly as possible.

📞 Have questions? Our team is here to help.

Due to the inclement weather, Clyburn Accounting will be closed on Monday, January 26th. We will evaluate Tuesday's status late Monday afternoon.

Thanks and be safe!

Likewise, the media constantly portraying “no tax on Social Security” is misleading.

Benefits aren’t fully exempt — in reality, it’s a $6,000 deduction, layered onto existing provisional income rules and income thresholds.

This creates compliance risk, filing errors, and taxpayer confusion.

Complexity doesn’t disappear just because the slogan is simple.

Give us a call, we'll help you make sense of it all.

“No tax on overtime” sounds great… until you read the fine print.

It’s not actually tax-free — there are income thresholds, partial exclusions, and different rules depending on how it’s reported. Add in inconsistent employer reporting, and you’re looking at confusion, amended W-2s, and a messy tax season for these workers.

If it’s not simple, it’s not really a win.

Give us a call, we will guide you through it, and help keep that green from sliding out of your pocket.

We are well into the 4th quarter, but the good news there is still time to enact tax planning strategies prior to year end that could save you thousands this year and every year going forward.

Do you get paid via a 1099 as an independent contractor (real estate agents, long-haul truckers, etc.)?

Do you file your business income and expenses on Schedule C of your personal tax return (even if you already have an LLC)?

If so, it's highly likely you are leaving a lot of money on the table that could be in your pocket, or funding your retirement.

Do you invest in real estate? Do you know about cost segregation?

Give us a call to discuss how we can get the tax monkey off your back.

Please be on the alert for this phishing scam. The sender may try to get you to enter personal information or try to install malware on your computer.

Want to Keep More of Your Money?

It’s no surprise that the tax code has always favored business owners and real estate investors. The recently passed legislation opens up many more strategies for all taxpayers. It’s also no surprise that one of the biggest expenses in your lifetime will be taxes!

Here’s the first of a number of deeper dives in a series on significant changes to the tax law resulting from the passage of the One Big Beautiful Bill, designed to keep more money in your pocket.

Today, we are going to take a look at the Healthcare Savings Accounts (HSA). This type of account is an incredibly powerful tool, but some don’t know about them, and some don’t maximize the advantage of this account. The HSA features three strong tax benefits:

1. Current year tax deduction
2. Tax free growth
3. Tax free withdrawals for medical expenses

That’s one step better than a ROTH!

To qualify for an HSA, you must have a high-deductible health plan (HDHP).

The new tax bill also made changes: First, all "Bronze" and "Catastrophic" plans offered on the Affordable Care Act exchanges now qualify as HDHPs. About 30% of all ACA enrollees selected "Bronze" plans, so a lot more people can now use HSAs.

Also, the new bill allows individuals to maintain HSA eligibility while covered by a "direct primary care arrangement"

The key to maximizing the HSA is to reset your thinking from “Healthcare Account” to an “Investment Account with healthcare benefits”.

If you’d like to look at tax planning with an HSA, and/or in combination with other strategies please call the office to schedule a meeting. Take action now to start maximizing your savings!

We hope you’ve been enjoying a relaxing and enjoyable summer!

This is a friendly reminder that the extended tax filing deadlines are approaching quickly:
• Business Returns (on extension): Due September 15, 2025
• Personal Returns (on extension): Due October 15, 2025

To ensure your return is completed accurately and filed on time, please begin submitting your tax documents as soon as possible. Early submission helps avoid last-minute delays and gives us the time needed to address any questions.

If you'd like to meet to review your tax situation, need QuickBooks assistance or have payroll issues, please contact the office to schedule an appointment. Also, if you know of someone who needs help in these areas, we have a referral program in place where you can earn referral cash to offset the cost of your services!

Summer Office Hours (Memorial Day through Labor Day):
• Monday – Thursday: 9:00 AM – 4:00 PM
• Friday: 9:00 AM – 12:30 PM (by appointment only)

Please watch for additional posts regarding the new tax laws contained in the One Big Beautiful Bill. This legislation presents a potential goldmine of tax planning opportunities to help ensure you are positioned to minimize your taxes over the next three or four years.

Want to keep more of your money?

Call and schedule a tax planning / strategy session. Now is the time to plan!