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For Parents

DOR releases October 31, 2019 Fundraising Totals – It’s BAD!!!

(not so) Exceptional SC continues to fail.

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FUNDRAISING UPDATE: Only $133,350 raised in October!!!:  Well, thank you to the SC Department of Revenue for continuing to post the monthly fundraising totals with another update on Friday … and continuing to THROW #FireChadConnelly under the bus for his complete failures.

The numbers don’t lie … we only have less than 2 months left for them to raise $8,942,535 .. when they only raised $133,350 last month.  This is a dangerous and unnecessary game (not so) Exceptional SC is playing with our children.  All so Chad Connelly can have a job???  #FollowTheMoney!!!

And worse … if it was not for the $100,000 publicity stunt donation from C. Dan “Subprime” Adams who is the Board Chairman of Palmetto Promise Institute (one of the main groups behind this mess) … they would have only raised $33,350 last month.  THE WORST MONTH YET!!!

And what is (not so) Exceptional SC’s excuse … this week?  See the insanity they told parents this week in their every month or two update:

The tax law changed December 22, 2017 … nearly two years ago.  This is no “transition year” … and EVERYBODY … except apparently (not so) Exceptional SC … knew it.

And it gets worse ….

Remember this from last week.  We pointed it out to the Department of Revenue … and within a few hours their General Counsel was asking the SC Association of CPAs to REMOVE Chad Connelly’s article.  Two years on the job and Chad thinks ALL 73 business taxes in SC are eligible for the credit???

CPAs will never trust this guy!!!  Would you???

And worse … if individual CPAs don’t trust the legal / unconstitutional structure of the NATION’S ONLY government run K-12 tax credit scholarship program enough to advise a client to give $5,000 or $10,000 donation … WHY DO YOU THINK A MAJOR CORPORATION IS GOING TO GIVE MILLIONS?!?!?

Corporations don’t even donate in states were the programs are constitutional … just look at Georgia and the 2019 results of their $100 MILLION program!!! 

10% corporate donors … DOWN from 15% historically.  What is Chad Connelly talking about?!?!?!

For Parents

$8 MILLION “lost” by (not so) Exceptional SC!!!

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Well, the final numbers are in for 2020. 

Exceptional SC raised “only” $4,045,107.80 (out of the available $12 MILLION) in 2020.

As such … $8 MILLION has been lost forever … AGAIN!!!  Exceptional SC “lost” $7.45 MILLION in 2019!!!

THE BANK STATEMENT:  We were able to get the bank statements this past week via a Freedom of Information Act (FOIA) request. 

These bank statements revealed (among other things) that $2.1 MILLION was from one donor.  Had it not been for the generosity of this one donor … it would have been even more disastrous.

Palmetto Kids FIRST Donor:  And no … this $2.1 million donor was not a huge victory for (not so) Exceptional SC.  This was a Palmetto Kids FIRST donor we first brought to the table in 2014. 

Exceptional SC is still living off all the work the “independent non-profits” did and not adding any new value to the situation.

Nothing has changed for the better … 

Independent Non-Profits … just like every other state … is the ONLY solution!!!

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For Parents

Parental Tax Credit – GET READY!!!

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It is finally here … the 2020 parental tax credit “race”!!!

Next FRIDAY, JANUARY 15TH … at 8:30AM sharp!!!

GET READY … and don’t be late.  We expect the entire $2 MILLION to be claimed within minutes!!!

YES … MINUTES … so prepare yourself and type fast.

THE PROCESS: The South Carolina Department of Revenue (SCDOR) will begin accepting applications for the 2020 Parental Refundable Tax Credit on January 15, 2021 at 8:30 a.m. A new tutorial is available to help you with the new submission process. Learn more below. 

What you need to know:

  • You must submit your Parental Refundable Credit application online using the SCDOR’s free and secure tax portal, MyDORWAY. The SCDOR will not accept paper, faxed, or emailed applications.
  • A new tutorial is available to show you how to submit your application through MyDORWAY. Prepare now by watching the tutorial.
  • Details about the application and the application process are available at dor.sc.gov/exceptional-sc.

What you need to do:

  • Sign up for MyDORWAY now so you’ll be ready to submit your application on January 15, 2021.
  • If you’re new to MyDORWAY, sign up information and tutorials are available at dor.sc.gov/MyDORWAY.

Questions about the 2020 Parental Refundable Credit? Contact the SCDOR at TaxTech@dor.sc.gov.


VIDEO TUTORIAL – HOW TO APPLY:

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For Parents

Exceptional SC Legal Status EXPIRED … AGAIN!!!

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Seriously … can this be happening again??? 

Granted, I am a tax attorney / CPA … so I think about these things all the time … and one of the VERY FIRST THINGS they teach us “tax people” is BEFORE YOUR CLIENT DONATES TO A NON-PROFIT … check their legal status.  If not all in order, and you let your client donate … it could be LEGAL MALPRACTICE!!!

First you check that the non-profit is actually an IRS approved 501(c)(3) nonprofit … and then you check the Secretary of State’s Office to verify the organization’s legal status is current.

(not so) Exceptional SCs Status?  EXPIRED … AGAIN!!!

Why, Why, Why???  Remember this from JANUARY 2020 … we mocked the incompetency back then … but no, the #FireTheBoard!!! at (not so) Exceptional SC let their legal status expire AGAIN!!! 

Board Malpractice!!!

Legal Status Expired in January 2020 & AGAIN in December 2020

This says it all … WE know how to FIX ALL OF THIS … but the (not so) Exceptional SC Board won’t do anything … won’t talk … won’t meet … just blame others.  STOP THE INSANITY!!!!

Jeff Davis, JD, MBA, CPA (GA)
Board Chairman
843-501-1842 (PKF Office)
843-901-8036 (cell)
info@palmettokidsFIRST.org

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