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Changes ahead for 2017 tax filing season

November 18. 2016 Plan ahead for the coming tax filing season. There are important changes you should know about before the 2017 filing season begins.  If you are a client of Tax On Wheels, LLC we will take care of everything for you.  If, on the other hand, you are the do it yourself type, […]

Repeal of Obamacare or the dog that caught the car

November 12, 2016 Much like the dog that spends its existence instinctively chasing cars, not really even understanding why, but doing so just because that is what it does, the republican party has existed, almost to the total exclusion of everything else, to repeal Obamacare. When I was a much younger man, with way more […]

Liberty Tax franchises closed by IRS due to alleged fraud

November 5, 2016 Liberty tax outlets across the country have suffered a string of setbacks in the past few months.  Federal authorities allege fraudulent tax returns were generated at several locations.  Most recently, three local Liberty Tax franchise stores were shut down by federal authorities and the operator of the franchise was permanently barred from […]

Same sex marriage is now the law in South Carolina

November 20, 2014 Who would have thunk it?  Not so long ago it seemed like South Carolina would be the last state in the union to recognize or allow same sex marriage.  Now it won’t be long before we wonder what all the fuss was about. According to news reports, the first same sex marriage […]

Your Annual Financial To-Do List

Things you can do before & for 2014. Provided by Milton Cooley   What financial, business or life priorities do you need to address for 2014? Now is a good time to think about the investing, saving or budgeting methods you could employ toward specific objectives. Some year-end financial moves may prove crucial to the […]

Financial Considerations for 2014

What changes should we consider making for next year? Provided by Milton Cooley 2014 is really not too far away. Fall is the time of year when the financially savvy start to look for ways to reduce their taxes and make year-end moves in pursuit of key financial objectives. What might the big picture hold? […]

IRS Warns Public of Scams Relating to Relief of Typhoon Victims

WASHINGTON ― The Internal Revenue Service today issued a consumer alert about possible scams taking place in the wake of Typhoon Haiyan. On Nov. 8, 2013, Typhoon Haiyan – known as Yolanda in the Philippines – made landfall in the central Philippines, bringing strong winds and heavy rains that have resulted in flooding, landslides, and […]

Temporary Tax Provisions Set to Expire in 2014

Some may be renewed, others may not be. Provided by Milton Cooley At the end of every year, certain federal tax breaks face a sunset. Some are renewed, some expire. As 2014 will soon start, here is a list of some of notable tax provisions that may go away next year – offering some opportunities […]

IRS Warns of Phone Scam

November 8, 2013 The IRS is warning the public about a phone scam that targets people across the nation, including recent immigrants. Callers claiming to be from the IRS tell intended victims they owe taxes and must pay using a pre-paid debit card or wire transfer. The scammers threaten those who refuse to pay with […]

Time-Saving Option Helps Small Businesses Under Audit

November 7, 2013 WASHINGTON — The Internal Revenue Service announced the nationwide rollout of a streamlined program designed to enable small businesses under audit to more quickly settle their differences with the IRS. The Fast Track Settlement (FTS) program is designed to help small businesses and self-employed individuals who are under examination by the Small […]