Check your Eligibility for the Earned Income Tax Credit

The Earned Income Tax Credit is a financial boost for workers earning $49,078 or less in 2011. Four of five eligible taxpayers filed for and received their EITC last year. The IRS wants you to get what you earned also, if you are eligible. Here are the top 10 things the IRS wants you to […]

Irmo Tax Professional Celebrates Milestone Anniversary With National Association of Tax Professionals (NATP)

National Association of Tax Professionals, Appleton, WI – Milton Cooley of Irmo, South Carolina celebrates 20 years of professional affiliation with the National Association of Tax Professionals (NATP), a nonprofit professional association founded in 1979, and committed to excellence in taxation. NATP members dedicate themselves to continued education and a high code of ethics and […]

What to Do If You Are Missing a W-2

Make sure you have all the needed documents, including all your Forms W-2, before you file your 2011 tax return. You should receive an IRS Form W-2, Wage and Tax Statement, from each of your employers. Employers have until Jan. 31, 2012 to issue your 2011 Form W-2 earnings statement. If you haven’t received your […]

Get Your Prior Years Tax Information from the IRS

Sometimes taxpayers need a copy of an old tax return, but can’t find or don’t have their own records. If you are a client of Tax On Wheels, LLC all you need do is give us a call and we can provide you with a copy of your tax return.  For those who aren’t our […]

The IRS advises that some initial refunds may be delayed

The refunds from the first batch of returns electronically filed this year were due to be direct deposited by this weekend.  Many of these refunds will be deposited as scheduled but the IRS has advised that there may be technical issues which may delay some portion of the refunds currently due to be released. The issues […]

Tax Tips for the Self-employed

There are many benefits that come from being your own boss. If you work for yourself, as an independent contractor, or you carry on a trade or business as a sole proprietor, you are generally considered to be self-employed. Here are six key points the IRS would like you to know about self-employment and self- […]

Change in filing deadline for South Carolina income tax returns

The South Carolina Department of Revenue (SCDOR) will honor the April 17th individual income tax filing deadline set by the Internal Revenue Service. Since April 15, 2012 falls on a Sunday, and Emancipation Day in Washington, DC (a DC-only holiday) is observed on Monday, April 16th, the official filing deadline will move to the following […]

Refund Anticipation Loans are no more

Refund Anticipation Loans have followed the floppy disk and the buggy whip into a state of obsolescence. Refund Anticipation Loans or RALs, as they are called, are very short term loans based on the anticipated receipt of your tax refund.  These loans allow you to get your tax refund in a matter of a couple […]

IRS Reminds Parents of Ten Tax Benefits

Your kids can be helpful at tax time. That doesn’t mean they’ll sort your tax receipts or refill your coffee, but those charming children may help you qualify for some valuable tax benefits. Here are 10 things the IRS wants parents to consider when filing their taxes this year. 1. Dependents In most cases, a […]

Four Tax Tips Regarding Tip Income

If your pay from work involves compensation through tips, then the IRS would like you to be aware of a few facts about tip income. Here are four key points to keep in mind: 1. Tips are taxable Tips are subject to federal income, Social Security and Medicare taxes.  The value of non-cash tips, such as […]