Tax identity theft is a significant threat

Tax identity theft is a significant threat

Sterling Tax & Accounting takes security very seriously, so we want to begin our letter this year with a reminder that tax identity theft is a growing problem. Unfortunately, it can take many forms, so beware if you: Receive a notice or letter from the Internal...
Be prepared this tax season

Be prepared this tax season

As tax season fast approaches, be diligent to watch for documents that show up by email and traditional mailbox arrival. Some of the documents that you can expect to receive in preparation for tax season may include: • W-2 • Self-employment and other business...
Go paperless

Go paperless

As you begin to receive a flurry of tax related documents, make a habit of scanning those items into a secure folder on your computer or a “cloud” application like DropBox, Google, or other secure storage provider. Going paperless with your tax documents not only is...

IRS lowers mileage rates for 2017

The Internal Revenue Service has issued the 2017 optional standard mileage rates to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning Jan. 1, standard mileage rates for the use of a car (also...