Tag: irs

Back Taxes Could Cost You Your Passport

If you owe too much in back taxes, your passport application could be denied.

If you’re behind on your taxes, you could face trouble traveling internationally.

That’s because the government plans to reject passport applications from taxpayers who owe more than $51,000 in overdue taxes.

According to CNBC:

The State Department denies passport applications based on the information on outstanding debts it receives from the IRS.

As many…

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IRS Teams Up With Other Tax Collectors To Tackle Cryptocurrency

The IRS has formed an international team to go after cyber tax crimes.

If you’ve got a horde of bitcoin stashed on a computer and haven’t let Uncle Sam know, the IRS could be coming after you. The same thing is true in other countries such as Australia.

The IRS has launched the Joint Chiefs Global Tax Enforcement (J5) coalition to go after tax fraudsters….

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Fort Lauderdale Accountants News: IRS To Spend Big On Computer Upgrades

Fort Lauderdale accountants
The IRS most likely won’t call you and doesn’t want calls from you.

The tax overhaul passed last year could lead to big increase in questions to service providers such as the Fort Lauderdale accountants of Sterling Accounting. It’s also expected to fuel a jump in work for the IRS, and the tax agency is spending heavily to cope with all that extra work.

The Wall Street…

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Wilton Manors Accountants’ Tips: Avoid An IRS Audit

Wilton Manors accountants
Follow these Wilton Manors accountants tips to avoid audit.

The Wilton Manors Accountants of Sterling Accounting know that an IRS audit is definitely unwelcome.

Fortunately, audits are a pretty rare thing. CNBC reports that of 148 million individual tax returns in 2016, just .7 percent were audited.

That’s a very small percentage. But it’s sure no fun if you happen to fall into the unlucky…

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Fort Lauderdale Accountants News: The IRS Won’t Call And Other Tips To Avoid Tax Scammers

Fort Lauderdale accountants
The IRS most likely won’t call you and doesn’t want calls from you.

If you get a call from someone saying they’re from the IRS, it’s a pretty good chance they’re trying to rip you off. That’s one tip to take to heart from a recent essay in the New York Times. Here’s another: The Fort Lauderdale accountants of Sterling Accounting can help you…

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Tax Time’s Upon Us And Fort Lauderdale Accountants Are Ready

Tax frustration
Tax time spells frustration for many, but not Sterling Accounting’s Fort Lauderdale accountants.

It’s tax time! For a lot of people, that brings headaches. But for the Fort Lauderdale accountants of Sterling Accounting, it’s the most wonderful time of the year.

Today’s the first day the IRS will begin accepting tax returns and the deadline this year is April 17. Here are a few tips to get you…

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Cryptocurrency Craze Complicates Taxes

Fort Lauderdale accountants Sterling Accounting can help deal with taxes arising from bitcoin issues.

Betting on bitcoin and other cryptocurrencies has brought big profits for speculators. But if you’ve dipped your toe in, you’ll want to consult tax professionals like Fort Lauderdale accountants Sterling Accounting.

That’s because the wildly fluctuating market for bitcoin has led to enough wealth generation to draw the eye of tax authorities.

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IRS announces filing season and Fort Lauderdale accountants are ready

Tax season
Fort Lauderdale accountants stand ready to help with tax season.

After scrambling to keep up with sweeping tax law changes, the IRS has announced it will begin accepting electronic and paper tax returns Jan. 28. The Fort Lauderdale accountants of Sterling Accounting stand ready to help at this crucial time.

This year, tax season will run from Jan. 28 through April 17, according to Forbes….

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Court orders Coinbase to share thousands of users info. with IRS

The IRS wants to know about bitcoin holdings.

Fort Lauderdale accountants‘ clients could have a new worry, if they have bitcoin holdings. A federal court in California has ordered Coinbase to turn over to the IRS identifying records for clients who had more than $20,000 in bitcoin pass through their accounts this year.

According to the Verge, the bitcoin exchange estimates 14,355 users meet the government’s requirements.

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Outgoing IRS chief warns against cutting too deep

Cuts at the IRS could delay tax returns. By Joshua Doubek (Own work) [CC BY-SA 3.0 (https://creativecommons.org/licenses/by-sa/3.0)], via Wikimedia Commons
Members of Congress can’t honestly say they weren’t warned. Departing IRS chief John Koskinen is telling anyone who will listen that if Congress cuts the agency’s budget too deeply, millions of tax refunds could be delayed.

It’s hard to say, though, whether his warning will be heeded as Congress looks to cut…

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