IRS Reminds Taxpayers to Report 2010 Roth Conversions on 2012 Returns

WASHINGTON — The Internal Revenue Service reminds taxpayers who converted amounts to a Roth IRA or designated Roth account in 2010 that in most cases they must report half of the resulting taxable income on their 2012 returns. Normally, Roth conversions are taxable in the year the conversion occurs. For example, the taxable amount from […]

Chinese Army Unit Is Seen as Tied to Hacking Against U.S.

A New York Times article describing a cyber espionage unit, allegedly affiliated with the Chinese Army, that has made significant efforts towards infiltrating the computer networks of anything in the US that can be penetrated.  The article is apparently based on a report released by Mandiant Corporation (PDF). The New York Times article does not […]

Determining Your Correct Filing Status

It’s important to use the correct filing status when filing your income tax return. It can impact the tax benefits you receive, the amount of your standard deduction and the amount of taxes you pay. It may even impact whether you must file a federal income tax return. Are you single, married or the head […]

Tax Help ‘en Español’

Tax information can be tough to understand in any language. It may be more difficult to understand if it is not in your first language. The IRS offers a wide range of free and easy-to-use products and services for Spanish-speaking taxpayers. Here are some tips if you need federal tax assistance from the IRS in […]

Safeguard Your Refund – Choose Direct Deposit

Direct deposit is the fast, easy and safe way to receive your tax refund. Whether you file electronically or on paper, direct deposit gives you access to your refund faster than a paper check. Here are four reasons more than 80 million taxpayers chose direct deposit in 2012: 1. Security.  Every year the U.S. Postal Service […]


We have recently made available to our mailing list clients a brief summary of The Affordable Care Act, more commonly known as ObamaCare.  This summary explains how many of us will be affected when mandatory health care coverage becomes effective January 1, 2014.  This information can help you be ready for the changes that are […]

SC Department of Revenue Reminds Taxpayers of New Office Location

Columbia, SC (February 8, 2013) — Whether picking up tax forms or meeting with a representative, the Department of Revenue is reminding taxpayers to visit the agency’s Main Office location at 300A Outlet Pointe Boulevard in Columbia. In December 2012, the Department of Revenue’s Main Office in Columbia opened its doors to the public at […]

Tax professionals are asked to encourage electronic filing

Tax On Wheels, LLC received the following message from the South Carolina Department of Revenue and we pass it along for your consideration. Tax Professionals: Encourage Electronic Filing This Tax Season The South Carolina Department of Revenue places the highest priority on safeguarding taxpayer information entrusted to it by all taxpayers. The electronic filing of […]

SC Department of Revenue Announces Program to Securely Process Tax Returns

Security safeguard measure implemented to aid in the prevention of tax fraud Columbia, SC (February 11, 2013) — New for 2013, the SC Department of Revenue (DOR) has implemented a security safeguard measure to help prevent fraud-related individual income tax filings. Through the security program, income tax returns filed in 2013 will be processed by […]

Eight Tax Benefits for Parents

Your children may help you qualify for valuable tax benefits, such as certain credits and deductions. If you are a parent, here are eight benefits you shouldn’t miss when filing taxes this year. 1. Dependents. In most cases, you can claim a child as a dependent even if your child was born anytime in 2012.   For […]