IRS Loosening Retirement Plan Rules For Harvey Victims

irs loosens retirement rules for harvey victims The devastation in South East Texas on account of Hurricane Harvey has residents and neighbors working day and night to dry out and recover what they can. The IRS has loosened some retirement plan rules to help with the hardships being endured…

“The Internal Revenue Service granted additional relief to victims of Hurricane Harvey on Wednesday by allowing 401(k)s and other employer-sponsored retirement plans to give loans and hardship distributions to aid them without incurring penalties…” [ Read more here ]

Avoid IRS Troubles With Your Taxes

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 ]

Let Sterling Accounting Handle The IRS For You!

why should you be outsourcing your payroll?- sterling accountingGet 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.

Contact Sterling Accounting today and get the oil your workplace needs to build success!

 

IRS Plans Out Online Tax Appeals Conferences

Insurance Dedicated Funds (IDFs)Want to skip the court room with your IRS tax issues? It may be an option on the table soon, as the IRS is planning out an online tax appeals conference system to aid your battle…

“Resolving your tax issues with the Internal Revenue Service (IRS) just got a little bit easier – assuming you have an internet connection. The IRS has announced that the Office of Appeals will pilot a new “web-based virtual conference option” for taxpayers and their representatives…” [ Read more here ]

IRS Lays Off Floyd Mayweather Following Reported Pay Off

mayweather tax battle with irs 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 ]

Internal Revenue Service Targeting Rapper DMX

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 ]

Don’t Get On The Bad Side Of The IRS! Employ The Help Of Sterling Accounting

Depending on your situation, personal taxes can be a nightmarish task, but it still won’t hold a candle to the expertise needed to work through a business tax codes… and if you don’t get it right – the IRS will be at your front door. Hear from one mom and pop’s small business that was leveled to the ground due to tax problems.

IRS Reopens PTIN System As Court Battles Continue

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 ]

How Much Spending Is Going On At The IRS

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…

IRS Outsourcing Debt Collection A Fraud Risk?

A change in IRS procedures are raising the alarm for many, warning of the risks that could arise from the outsourcing of debt collection. Get a rundown of the new regulations that could allow for collection agencies working for the IRS to begin making phone calls…