Tag: taxes

Back Taxes Could Cost You Your Passport

taxes
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

IRS
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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Fort Lauderdale Accountants Tips For Handling IRS Letters

Fort Lauderdale accountants
The Fort Lauderdale accountants of Sterling Accounting stand ready to help with tax issues.

No one is eager to hear from the IRS, as the Fort Lauderdale accountants of Sterling Accounting know. But, just as there are several different reasons the IRS would send a letter, there are also a number of ways to handle a missive from the tax man.

Consumer Reports has gathered a useful…

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IRS Computer Glitch Causes Tax Day SNAFU

IRS
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
Sometimes the show just can’t go on, thanks to outdated computers. That’s what the IRS faced on the biggest tax filing day of the year Tuesday, in a nightmare for the agency, taxpayers and accountants alike.

A “glitch” in the agency’s computer hardware, some of which…

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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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Fort Lauderdale Accountants’ Notes: Tips For Taxes In The Gig Economy

Fort Lauderdale accountants
Fort Lauderdale accountants Sterling Accounting can help you manage money involved in taxes.

In today’s economy, the side hustle is becoming ubiquitous, and in many cases that side hustle becomes a business. That can bring with it a wonderful sense of freedom. But it also brings with it obligations such as keeping track of taxes that require the kind of expertise the Fort Lauderdale Accountants of…

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Be Aware Of Tax Changes For Business This Year

Fort Lauderdale accountants
The Fort Lauderdale accountants of Sterling Accounting can help navigate tax law changes.

We all know that tax changes mean lower rates for corporations. But there are some other changes the Fort Lauderdale accountants at Sterling Accounting think you should get your attention.

The Central Valley Business Journal has a good rundown of some of the changes. Here are some of the changes the business journal…

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Fort Lauderdale Accountants Update: IRS Takes Aim At Cryptocurrency Tax Evaders

Fort Lauderdale accountants
With more investigators looking at cryptocurrency, make sure you’re on top of taxes with Fort Lauderdale accountants Sterling Accounting.

If you’re thinking you can dodge the taxman using bitcoin or other cryptocurrencies, you may want to think again. Instead, get in touch with the Fort Lauderdale accountants at Sterling Accounting.

That’s because the IRS has designated a special team to go after cryptocurrency tax evaders. According to…

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