Tag: bookkeeping

IRS Taking New Steps To Collect Old Debts

The IRS is stepping up their battle to collect back taxes from those who owe more then $50,000 – by taking away their passports.

“Under a new law, the Fixing America’s Surface Transportation Act, or FAST Act, the IRS is required to provide a list of people who owe back taxes to the U.S. State Department, which can deny, revoke or limit the ability of these individuals to use their passports…” [ Read more here ]

Why You Shouldn’t Wait Until April To Get Those Taxes Done!

It’s tax time! And if you’re thinking of putting yours off to the last minute – there are a number of reasons you should dive into this article… and with the help of Sterling Accounting, your taxes won’t be a worry!

“The IRS encourages early filing for a host of reasons, and it’s not just because it makes April less of a scramble at their headquarters. Below are three reasons you might want to consider getting a head start on your taxes now…” [ Read more here ]