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Here are some things to consider when starting a business

Type of BusinessĀ One of the first decisions you need to make is what type of business you are going to establish. The most common types of businesses are sole proprietorship, partnership, corporation, S corporation, and Limited Liability Company. The type of business you establish determines which tax forms you will need to file. Types of […]

Charleston resident arrested on eight tax charges, the saga continues

Aisha Dowling was arrested by officials with the South Carolina Department of Revenue in connection with an ongoing tax refund scam in the Lowcountry. The City of Charleston Police Department assisted with the arrest. For tax years 2008 through 2011, Dowling, a Charleston resident, filed with tax preparers fraudulent W2 forms from employers where either […]

Expanded Adoption Tax Credit Still Available for Extension Filers

If you adopted a child last year and requested an extension of time to file your 2011 taxes, you may be able to claim the expanded adoption credit on your federal tax return. The Affordable Care Act temporarily increased the amount of the credit and made it refundable, which means it can increase the amount […]

Selling your home

If you are thinking of selling your home you might want to click on the heading of this article in order to view this IRS YouTube video to get an understanding of the basics. Then give Tax On Wheels, LLC a call at 803 732-4288 and let us help you through the process.

Renting Your Vacation Home

Income that you receive for the rental of your vacation home must generally be reported on your federal income tax return. However, if you rent the property for only a short time each year, you may not be required to report the rental income. The IRS offers these tips on reporting rental income from a […]

South Carolina enforces tax law by jailing tax cheats

Some South Carolina residents are finding out the hard way what tax professionals have known for a long time; the state is frequently much more aggressive inĀ  enforcing tax law than the federal government. There have been a string of recent arrests made by the South Carolina Department of Revenue for egregious but fairly common […]

Further arrests made in tax refund fraud investigation

Two men were arrested Tuesday by SC Department of Revenue officials following an ongoing investigation into an income tax refund scam in the Charleston area. Luther Smalls and Smarty Campbell, both of Mount Pleasant, SC, were detained at the Charleston County Detention Center for separate charges of assisting in the preparation of a false return […]

SC Department of Revenue arrests Hilton Head timeshare agent

Leigh Anne Hoppe was arrested today for failure to file state income tax returns for years 2007, 2008 and 2009. Hoppe, 48, is a timeshare agent in Hilton Head and earned income of $190,465 during years 2007 – 2009 with a tax liability of $8,944. Hoppe was required to file a South Carolina income tax […]

Charleston man arrested for income tax fraud

A Mount Pleasant man is being held at the Charleston County Detention Center following his arrest today for one count of assisting in the preparation of a false return and one count of forgery. Robert Vanderhorst, IV, 25, is currently being held pending a bond hearing and if charged, could face penalties of up to […]

SCDOR arrests Mt. Pleasant man for tax fraud, forgery

Darcell Lockwood was arrested today by SCDOR investigators for assisting in the preparation of a fraudulent return and forgery. Lockwood, 36, is currently being held at the Charleston County Detention Center pending a bond hearing. The Mount Pleasant Police Department assisted with the arrest. The arrest follows an ongoing investigation of a tax refund scam […]