IRS e-file: It’s safe. It’s easy. It’s time. Most taxpayers—nearly 80 percent– file electronically. If you haven’t tried it, now is the time! The IRS has processed more than 1 billion individual tax returns safely and securely since the nationwide debut of electronic filing in 1990. In fact, last year, 112 million people – 78… Read More
Identity theft often starts outside of the tax administration system when someone’s personal information is unfortunately stolen or lost. Identity thieves may then use a taxpayer’s identity to fraudulently file a tax return and claim a refund. In other cases, the identity thief uses the taxpayer’s personal information in order to get a job. The… Read More
Many states, including South Carolina, seem to be searching for ways to increase revenues. One way to do that is to become more aggressive in enforcing the often ignored Use Tax. A use tax is the government’s way of saying you still have to pay sales taxes even if you bought goods out of state.… Read More
Determining your filing status is one of the first steps to filing your federal income tax return. There are five filing statuses: Single, Married Filing Jointly, Married Filing Separately, Head of Household and Qualifying Widow(er) with Dependent Child. Your filing status is used to determine your filing requirements, standard deduction, eligibility for certain credits and… Read More
Even though each individual tax return is different, some tax rules affect every person who may have to file a federal income tax return. These rules include dependents and exemptions. The IRS has six important facts about dependents and exemptions that will help you file your 2011 tax return. 1. Exemptions reduce your taxable income.… Read More
The Internal Revenue Service receives thousands of reports each year from taxpayers who receive suspicious emails, phone calls, faxes or notices claiming to be from the IRS. Many of these scams fraudulently use the IRS name or logo as a lure to make the communication appear more authentic and enticing. The goal of these scams… Read More
We thought this paragraph from the previous post deserved its own blog post because its so true. One of the reasons that Tax On Wheels, LLC is a viable business (aside from our sparkling wit and charming personality) is that we relieve clients from the responsibility of doing battle with the IRS. Whether it is… Read More
That is the official opinion of the IRS Taxpayer Advocate. One of the reasons that Tax On Wheels, LLC is a viable business (aside from our sparkling wit and charming personality) is that we relieve clients from the responsibility of doing battle with the IRS. Whether it is calling the IRS 800 number and sitting… Read More
The best place to get IRS forms and publications is right here at taxonwheels.com. Not only do you find federal forms and publications but we also provide state forms as well. Just surf to our forms center by clicking here to access state and federal forms. If IRS publications are what you need then visit… Read More
You are required to file a federal income tax return if your income is above a certain level, which varies depending on your filing status, age and the type of income you receive. However, the Internal Revenue Service reminds taxpayers that some people should file even if they aren’t required to because they may get… Read More