Blog Posts

IRS provides additional day to file and pay 2017 Taxes

IRS provides additional day to file and pay 2017 Taxes

IR-2018-100, April 17, 2018 WASHINGTON — The Internal Revenue Service announced today that it is providing taxpayers an additional day to file and pay their taxes following system issues that surfaced early on the April 17 tax deadline. Individuals and...

IRS issues standard mileage for 2018

IRS issues standard mileage for 2018

The Internal Revenue Service has issued the 2018 optional standard mileage rates to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning Jan. 1, new standard mileage rates for the use of...

Happy Holidays

Happy Holidays

As the year draws to a close, we would like to take the opportunity to wish you a wonderful Holiday! Our office will be closed 12/23/17 thru 1/1/18, we look forward to seeing you in the New Year.

Gas Prices Falling

Gas Prices Falling

Hurricane Irma and the damage and bad news "she" wrought will long be remembered-- but here may be a little bit of "good news" for all of us financially impacted. Gasoline prices are (and will be) falling--shortages will be ending! " With refineries...

Relief for Victims of Hurricane IRMA

Relief for Victims of Hurricane IRMA

What has the IRS done for you? If you are in an eligible Hurricane Irma disaster area--read on. As of September 13, the Hurricane Irma disaster areas per FEMA eligible for tax relief include St. John and St. Thomas in the U.S. Virgin Islands; Canovanas,...

How to protect yourself after the EQUIFAX data breach

How to protect yourself after the EQUIFAX data breach

The Equifax Data Breach has us all concerned. Discovered July 29, approximately affecting 143 million people, including names, social security numbers, birth dates, addresses, drivers licenses, credit card numbers and PIN's--what is the best thing we can...

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...

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...

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