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Press Release

Stop My IRS Bill Reveals: IRS Monitors Taxpayers’ Social Media for Investigations

Summary: Local tax firm, Stop My IRS Bill reveals that the IRS is using social media tracking for people under audit as a means of collecting data.

San Diego, CA, United States – A renowned tax firm in San Diego, Stop My IRS Bill, announced today that it is now focused on the growing trend by the IRS to monitor and use social media in collection and examination cases, whereby taxpayers who are undergoing an IRS audit or collection matter can likely expect the IRS to review their social media pages and review the content and information they may be posting.

James Harnsberger, Enrolled Agent representing taxpayers in all matters dealing with federal taxes, stated, “The IRS has recently increased its use of social media review techniques, and, by all accounts, this could be problematic for taxpayers in an audit or collection case. Imagine posting on Facebook your new Mercedes, your recent trip to Paris, the cruise ship trips and all the bling you bought to show your “friends” how cool you are, not realizing the IRS is watching you and taking note of your lifestyle and all the bling you may not have included in your financial disclosures.”

The IRS also employs numerous social media investigation teams around the country with tech types searching the internet and looking at all the great disclosure information posted in millions of posts hourly. Taxpayers may not realize the public domain of the internet affords no privacy, and, if you post, the IRS can and likely will read it. When disclosing financial information to the IRS, be aware you do so under penalty of perjury and you want to make sure you review every aspect with a professional before signing any financial disclosure document for the IRS.

About us: Stop My IRS Bill is a local firm headquartered in La Mesa, CA, and specializes in the representation of taxpayers who have disputes or problems in filing or paying taxes when dealing with the IRS. The firm, Stop My IRS Bill, recently employed new measures in early 2018 to include that every client in any matter before the IRS is reviewed for all social media and internet posts so as to at least have an equal footing with the IRS in the information posted by a taxpayer in the public domain that could pose problems the taxpayer may be unaware of.

For more information, please visit https://www.stopmyirsbill.com/

CONTACT INFORMATION:

Contact person: Susan Harnsberger

Email: info@StopMyIRSBill.com

Organization: Stop My IRS Bill.

Address: 7777 Alvarado Road, Ste., 211, La Mesa, CA 91942

Phone: 858-616-7400

Categories
Cryptocurrency Press Release

Stop My IRS Bill Talks about Trends: IRS Focuses on Bitcoin Cryptocurrency Investigations

Summary: Local Tax Firm, Stop My IRS Bill, announced today it is now focused on the growing targets of IRS audits dealing with bitcoin and other cryptocurrencies.

San Diego, CA, United States – Tax professionals from the tax firm, Stop My IRS Bill, based in La Mesa, CA, touched on the delicate topic of cryptocurrencies. There remains a great deal of confusion on what is or is not reportable in the world of cryptocurrency. For those who deal or trade in—or perhaps use the digital assets as a means of exchange for goods and services—the IRS requires transactions to be reported as in other forms of income. If there are foreign digital assets, every U.S. taxpayer is required to disclose these assets under the guidelines of FBAR (Foreign Banking Asset Reporting).

James Harnsberger, Enrolled Agent and Sr. Case Manager for the firm, commented, “The IRS has been working for some time now developing audit techniques aimed at a two-prong approach: first, unreported transactions involving bitcoin and other cryptocurrencies; and second, unreported foreign assets, bank accounts and bitcoin or other cryptocurrency wallets.”

Stop My IRS Bill is a local firm headquartered in La Mesa, CA, and specializes in the representation of taxpayers who have disputes or problems in filing or paying taxes when dealing with the IRS. The firm began its focus on digital assets representation about three years ago and currently reports that in audits, collection of past due tax cases, offers in compromise or installment agreements, the IRS is now requiring full disclosure of all digital assets. Mr. Harnsberger continued, “The IRS has serious penalties for failure to disclose foreign assets. For taxpayers who trade or exchange in digital assets, the scrutiny the IRS is giving has increased significantly and these are signs the IRS is serious about reporting transactions and income from cryptocurrencies such as bitcoin and other digital currencies or assets.”

For more information, please visit https://www.stopmyirsbill.com/

Contact person:

Name: Susan Harnsberger

Email: info@StopMyIRSBill.com

Organization: Stop My IRS Bill.

Address: 7777 Alvarado Road, Ste., 211, La Mesa, CA 91942

Phone: 858-616-7400

Categories
Press Release

Stop My IRS Bill talks about why taxpayers need to hurry to meet tax deadline and the frustration with new tax bill

San Diego, CA, United States – As we all know April 15 is a date that is embedded in the minds of almost every American. Tax Deadline Day. This year, however, more and more taxpayers file last-minute extensions in large part due to the sticker shock of the expected refund they will not be receiving.

The new tax bill was promoted as giving the biggest tax cut to a huge swathe of people when it was announced and passed. Many taxpayers were expecting to see a larger refund than before.

“For many, the experience is and will remain very frustrating. What many are doing is opting, at the last minute, to file the automatic extension and perhaps get a second opinion or even a third. The frustration of expecting a $1500 or $2300 refund, only to find out they actually owe, has left many taxpayers sour over the so-called tax break,” – stated James Harnsberger of Stop My IRS Bill. He added: “In the weeks ahead it is reasonable to expect to see more and more frustration as IRS notices go out and taxpayers begin receiving notices, as many will have an added harsh reality when they eventually file their 2018 return and have the underpayment penalty and interest added to their bill.”

About Stop My IRS Bill: The founder and CEO of the company, Mr. James Harnsberger, is an enrolled agent with over 35 years’ experience in Tax Representation and Resolution of tax problems and provides assistance to taxpayers to find solutions for tax problems. With the competent and devoted team of various tax professionals, the company is able to help people with a variety of IRS problems.

For more information, please visit https://www.stopmyirsbill.com/

Contact person:

Name: Susan Harnsberger

Email: info@StopMyIRSBill.com

Organization: Stop My IRS Bill.

Address: 7777 Alvarado Road, Ste., 211, La Mesa, CA 91942

Phone: 858-616-7400