Tax time may not be everyone’s favorite time of the year, but at Sterling Accounting, there’s no lost sleep! Don’t run into troubles with the IRS over your taxes – be sure you are going to rank on their good side with the expert help of Sterling Accounting.
“More Americans who pay their income taxes each quarter are being penalized by the IRS for making mistakes or missing payments.
There’s been a nearly 33% jump — from almost 7.5 million to nearly 10 million — in the number of penalties levied between fiscal years 2007 and 2016, IRS data show…” [ Read more here ]
Get the help your business needs dealing with the IRS – Sterling Accounting is your solution for all your financial, accounting, bookkeeping, and payroll needs to keep your business operating smoothly and with ease.
It seems the numbers surrounding the Floyd Mayweather vs IRS situation is getting murkier, as the IRS is being forced to lay off the boxer following a big chunk of cash he paid out… “A new report says that Floyd Mayweather’s $3.3 Mill tax lien has been released by the IRS, even though he appears to still owe the IRS a whopping $29 million. If true, it might make you wonder why the IRS often pushes so relentlessly to collect, but seems to ease off in some cases…” [ Read more here ]
With accusations that he owes the Internal Revenue Service, rapper DMX has declared his innocence over owing $1.7 million. “The rapper, 46, pleaded not guilty Friday in federal court in New York to 14 charges related to tax fraud. He was to be released after posting $500,000 bond…” [ Read more here ]
The IRS suspended PTIN registration and renewal at the beginning of this month, following continued court battles over it’s fees…
“The Internal Revenue Service reopened its Preparer Tax Identification Number system Wednesday after closing it earlier this month because it lost a lawsuit over registration and renewal fees…” [ Read more here ]
Have you received a call from the IRS? It’s long been said that the IRS will not contact your by phone, but the rules may be changing…
““A new law passed in 2016, but went into effect this spring allows the IRS to hire up to four private debt collection services that can call you,” said David Smitherman, president at the Alabama Better Business Bureau…” [ Read more here ]
The Internal Revenue Service collects unfathomable amounts of money for our government every year, but where are those tax dollars going? While working to pay our government officials, protect our country, and more – there turns out there is also a lot of wasted spending going on…