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For Parents

ESAs are Taxable Income … Death Knell for S 556?

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We have been preaching this for years now … ever since the “paid” special interest advocates pushed for a direct refundable parental tax credit … these payments are likely TAXABLE INCOME!!!

This week the Republican Attorney General & Republican Commissioner of Education found that the newly passed Education Savings Account (ESA) program in Tennessee would be TAXABLE INCOME to the parent recipients. (NOTE: Although the Tennessee ESA is currently the law, it was a major debacle getting it passed. It won by one vote, a Republican that only voted yes if they promised to keep ESAs OUT of his district … so the program is only in 2 out of 95 counties in TN and the school districts get reimbursed 100% for each kid that leaves … so the state is paying DOUBLE for those kids in the program … so it wasn’t “really” passed and like Nevada, our bet is it will be killed before it is ever implemented – costing taxpayers millions in the process.)

But you don’t have to take our word for it … watch and read the articles yourself.

Reporter Richard Ransom asks …. “Were lawmakers mislead? Were they lied to?” Our experience … YES!!!

https://newschannel9.com/news/nation-world/official-tennessee-school-vouchers-are-federally-taxable-income

The IRS rules are pretty simple … if you get a check from state government … you must provide that person with an IRS Form 1099-G … period!!!

What does this have to do with South Carolina? Well, do you get a refundable parental tax credit? Well, is that taxable income? We think it is … and that is why we opposed it. SC legislators can make the payment free from SC state income tax … but they have NO influence on making it FEDERALLY tax free. That is the reason NO OTHER STATE IN THE NATION has such a large refundable parental tax credit. Others states are not stupid … they know (like Tennessee has figured out) that these direct payments from state government is a tax problem. There are a few states with small $100 or $200 refundable education tax credits … and yes they are taxable too … but that is nothing like an $11,000 refundable parental tax credit. That is a HUGE tax bill.

And as other articles point out … this impacts the poor the most. Yes wealthy parents may get a $37% federal income tax bill … yes, keep hoping you don’t get audited by the IRS … but for low income families that might be subject to income limitations on their benefits, food stamps, ACA healthcare … this extra “income” may cost you more than you actually receive.

SC Legislators are aware of this problem … we have told them … but the “paid” special interest sing a different story. Well, what do they have to say now? Guess who has been WRONG almost every time … the “paid” special interest advocates. #FollowTheMoney!!!

Remember Palmetto Promise Institutes “Bigger. Better. Faster.” proclamation … read it HERE. These guys have no idea what they are talking about.

https://www.commercialappeal.com/story/news/2019/11/19/memphis-senator-opposes-school-voucher-program-update/4239159002/

“This is a worst-case scenario for students, their families, the school districts and the state.” – TN STATE SENATOR RAUMESH AKBARI

For Parents

SLED UPDATE – Chad Connelly Embezzlement Matter

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Back in March, the South Carolina Attorney General’s Office issued a FORMAL referral to SLED (State Law Enforcement Division) to investigate the Chad Connelly “Embezzlement Matter”.  

This is a known and disclosed fact … yet Chad Connelly has been running around South Carolina telling folks there is no SLED investigation.  Wow, this is sad. 

Well, last week we sent letters inquiring into the status of the investigation.  It has been four months, so maybe they had an update.

Well, we received a reply … and apparently the investigation is still ongoing. 

This is going to be BIG friends.  We don’t think this one can be swept under the rug.  We are told that South Carolina law enforcement knows they have to do something and they know people are watching.  South Carolina is known for it’s PUBLIC CORRUPTION

What has gone on with our school choice program is in our opinion PUBLIC CORRUPTION at its worst!!!

“SLED or any other agency”???OR ANY OTHER AGENCY???  Who else may be looking into Chad Connelly and this embezzlement matter???  Maybe just standard lawyer language … or was this a clue that other law enforcement agencies are looking into this matter.

This is a highly political matter.  Chad Connelly is friends with A LOT of political figures.  But even though some folks have tried to cover up for Chad … there are people trying to expose this matter for us, for you, and most importantly for your K-12 children.  

Stay tuned … and KEEP PUSHING!!!  Expose them all!!!

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For Parents

Exceptional SC’s Secretary of State Financial Report Late

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Annually (not so) Exceptional SC is required to file a TAX RETURN as well as REGISTER with the SC Secretary of State.  The latest extended deadline for the 7/1/2019-6/30/2020 tax return is May 15th, 2021.  We have been trying to get a copy of the tax return, a PUBLIC DOCUMENT, to no avail … so the situation seems VERY curious.

So we checked this week with the SC Secretary of State’s Office.  Filing the TAX RETURN with the Secretary of State is the “Financial Report”.  That was due as well May 15th, 2021.  As of today, it has not been filed.

What does that mean?  Well, technically Exceptional SC is still registered for right now, the SC Secretary of State’s Office confirmed that “There is currently a violation for that delinquent report that is accruing a fine of $10/day.”

Just further evidence the Government Appointed Board Members at (not so) Exceptional SC have no idea what they are doing.

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For Parents

2021-2022 Application Update

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Application Open

(not so) Exceptional SC … late … but FINALLY … opened applications for the new school year … with a limited time to apply until JUNE 30th!!!

TADS Link to Apply:  Click HERE

Eligibility Form:  Click HERE

Basically … if you are  #1 a NEW FAMILY or #2 a returning family that did NOT apply in 2020-2021 … the application process will be open until JUNE 30th.  

For everyone else, your application will ROLL-OVER.  Always double check with (not so) Exceptional SC however to be safe.   
TRANSFERING SCHOOLS???:  The below form was also included in the email update this week.  A little strange as it was just typed in the email text … but nonetheless, this is the information they need if a student transfers to a different school.

There was no mention in the email, so maybe the above form / image is the safest route … but you can always try the below link they have online as well.  AGAIN, always double check with (not so) Exceptional SC however to confirm receipt of your child’s information.  

Online Form:   https://docs.google.com/forms/d/e/1FAIpQLScacsIMrwXXxvloRm2RGUJiRmn5OgANMCuycsE6nximU8zo6g/viewform

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