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Tax On Wheels, LLC
PO Box 2447
Irmo, SC 29063Phone: 803 732-4288 or
toll free 877 439-3514
Fax: 803 753-9897Additional Pages
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Helpful Links
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Blog Posts:
Ten Things to Know About Capital Gains and Losses
Did you know that almost everything you own and use for personal or investment purposes is a capital asset? Capital assets include a home, household furnishings and stocks and bonds held in a personal account. When you sell a capital …
Early Distribution from Retirement Plans May Have a Tax Impact
Taxpayers may sometimes find themselves in situations when they need to withdraw money from their retirement plan early. What they may not realize is that that transaction may mean a tax impact when they file their return. Here are 10 …
When I grow up I want to be a tax accountant
Dirty Dozen Tax Scams
Update: Video added The Internal Revenue Service has issued its annual “Dirty Dozen” tax scams list, reminding taxpayers to use caution during tax season to protect themselves against a wide range of schemes ranging from identity theft to return preparer …
Four Things to Know About Bartering
In today’s economy, small business owners sometimes save money through bartering to get products or services they need. The IRS wants to remind small business owners that the fair market value of property or services received through barter is taxable …
Where’s My Refund tool not functioning properly
We have been notified that the Where’s My Refund tool on the IRS website is not providing accurate information. Refunds are apparently being issued appropriately but the information is simply not available on Where’s My Refund. This issue also applies …
MeF is operational again
On Saturday February 11, 2012 we notified you that the new IRS MeF system was experiencing technical difficulties and was being take off line for maintenance. We have been notified that MeF is once again fully operational. Hopefully this means …
SC Department of Revenue advises against tax scams
During the individual income tax filing season, there is often an increase in tax-related scams. The SC Department of Revenue is reminding taxpayers to be aware of fraudulent phone calls, text messages, emails or other forms of communication that may …
IRS Issues Rules for Providing K-1s Electronically
WASHINGTON — The IRS today issued guidance that now allows partnerships to provide Schedule K-1, Partner’s Share of Current Year Income, Deductions, Credits, and Other Items electronically to recipients. Certain entities, such as partnerships, are required annually to file K-1s …
IRS Offers Four Tips on Unemployment Benefits
Unemployment can be stressful enough without having to figure out the tax treatment of the unemployment benefits you receive. Unemployment compensation generally includes, among other forms, state unemployment compensation benefits, but the tax implications depend on the type of program …
Eight Things to Know about Medical and Dental Expenses and Your Taxes
If you, your spouse or dependents had significant medical or dental costs in 2011, you may be able to deduct those expenses when you file your tax return. Here are eight things the IRS wants you to know about medical …
The Child Tax Credit: 11 Key Points
The Child Tax Credit is available to eligible taxpayers with qualifying children under age 17. The IRS would like you to know these eleven facts about the child tax credit. 1. Amount With the Child Tax Credit, you may be able …
MeF the new IRS e-file system temporarily delays refunds
The IRS is having issues with the Modernized e-File (MeF) System. MeF is the new and improved e-filing system being implemented this year by the IRS. The IRS has asked that transmitters send as many tax returns through the MeF …
Eight Facts about New IRS Form 8949 and Schedule D
The IRS has a new form taxpayers must use to report most capital gains and losses from transactions relating to investment property. In previous years, these transactions would have been reported on your IRS Schedule D or D-1, but for …
Seven Tips to Help You Determine if Your Social Security Benefits are Taxable
Many people may not realize the Social Security benefits they received in 2011 may be taxable. All Social Security recipients should receive a Form SSA-1099 from the Social Security Administration which shows the total amount of their benefits. You can …
