Six Important Facts about Dependents and Exemptions

While each individual tax return is unique, there are some tax rules that affect every person who files a federal income tax return. These rules involve dependents and exemptions. The IRS has six important facts about dependents and exemptions that will help you file your 2012 tax return. 1. Exemptions reduce taxable income.  There are two […]

IRS Intensifies National Crackdown on Identity Theft; Part of Wider Effort to Protect Taxpayers, Prevent Refund Fraud

WASHINGTON – Continuing a year-long enforcement push against refund fraud and identity theft, the Internal Revenue Service today announced the results of a massive national sweep in recent weeks targeting identity theft suspects in 32 states and Puerto Rico, which involved 215 cities and surrounding areas. The coast-to-coast effort against 389 identity theft suspects led […]

Use the IRS Data Retrieval Tool when applying for student financial aid

It is that time of the year when many parents and students are working on obtaining financial aid to pursue higher education.  Tax On Wheels, LLC does not prepare FAFSA forms but we may be able to assist you by making sure you have the necessary tax forms to complete your FAFSA quickly and efficiently.  […]

Comprehensive Summary of The American Taxpayer Relief Act of 2012: A Fiscal Cliffhanger

At the beginning of the year we offered a quick summary of The American Taxpayer Relief Act of 2012.  We hope you found it useful even though it was designed as a superficial quick read of the highlights. For anyone who is interested in more specific details of the Act, I am pleased to announce […]

Recommended actions to protect yourself from Identity theft

This item was originally posted on November 23, 2012.  As we enter tax season this has become a popular topic once again and we are re-posting this for your convenience. It took a couple of weeks for the public to be notified of the theft of South Carolina tax information and a couple more weeks […]

Choosing Which Form to File

IRS e-file makes it easy for taxpayers to choose which tax form to file. Tax software automatically chooses the best form for your particular situation. Most people e-file these days, but if you prefer taking pen to paper, the IRS has some tips to help you choose the right form. Taxpayers who choose to file […]

IRS Extends Tax Relief to Some New Jersey and New York Victims of Hurricane Sandy; Return Filing and Tax Payment Deadline Extended to April 1, 2013

WASHINGTON –– In the aftermath of Hurricane Sandy, the Internal Revenue Service announced additional tax relief to affected individuals and businesses. The IRS is further extending tax deadlines of that relief until April 1 for the following localities: In New Jersey (starting Oct. 26): Monmouth and Ocean counties. In New York (starting Oct. 27): Nassau, […]

How to Get IRS Forms and Publications

The Internal Revenue Service provides free tax forms and publications on a wide variety of topics – from tax credits for individuals to a tax guide for small businesses. Here are four easy ways to obtain tax forms and publications from the IRS: 1. On the Internet.  You can get IRS forms and instructions quickly and […]

Five Good Reasons to E-file Your Tax Return

If you haven’t tried IRS e-file before, now is the time. Most taxpayers – more than 80 percent – file electronically. The IRS has processed more than 1 billion individual tax returns safely and securely since the nationwide debut of electronic filing in 1990. Fewer people file a paper tax return every year. Here are […]

SCDOR Reassures Public About e-Filing

The South Carolina Department of Revenue places the highest priority on safeguarding taxpayer information entrusted to it by all taxpayers.  The electronic filing of tax returns with the Department has always been, and will remain, a safe, secure and efficient means of filing. In light of the recent computer security breach, it is important to […]