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In preparation for the 2015 tax filing season, the U.S. Department of Health and Human Services has released a fact sheet detailing information North Carolina tax filers need to know as they prepare to file their federal returns.

This tax season marks the first time individuals and families in North Carolina will be asked to provide basic information regarding their health insurance on their tax returns. Consumers will have questions about this new process and the Administration is committed to providing the information and tools tax filers need to understand the new requirements.

In the coming weeks, the administration will provide additional resources to help consumers prepare for tax filing season, including online tools to help individuals connect with local tax preparation services and determine if they are eligible for an exemption.

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Store saw a three percent increase in sales in 2014.

During the first meeting of the new year, Franklin's Town Board of Aldermen received a report from ABC Store Manager Todd Mason regarding the store's 2014 operations year.

Mason reported to aldermen that the Franklin ABC store experienced a three percent increase in sales in 2014. Mason attributed the businesses' success to a knowledgeable staff and a clean and open store. He also noted that for the 20th consecutive year, the ABC store received a clean financial audit.

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Over the last decade, reverse mortgages have been marketed as an easy way for seniors to cash in their home equity to pay for living expenses. However, many have learned that improper use of the product – such as pulling all their cash out at one time to pay bills – has led to significant financial problems later, including foreclosure.

In actuality, there are some cases where reverse mortgages can be helpful to borrowers. However, it is imperative to do extensive research on these products before you sign.

Reverse mortgages are special kinds of home loans that let borrowers convert some of their home equity into cash. They come in three varieties: single-purpose reverse mortgages, Home Equity Conversion Mortgages (HECMs) and proprietary reverse mortgages.

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The Franklin Chamber of Commerce recently held a ribbon cutting ceremony at Happy Daze Donuts n’ Pastries located at 38 Palmer Street Circle.

Shelli Allen has had a dream to own a donut shop for as long as she can remember and that dream has come true.

“Last summer we started selling our donuts and pastries at the Farmers Markets around town, perfecting our recipes and getting feedback from those who purchased from us,” said Allen. “We were encouraged by our sales volume and what we heard. Along with my husband, we decided to open a store front. Since opening we have been blessed by the support from Franklin residents,” Allen continued.

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