IRS

The Internal Revenue Service is the revenue service of the United States federal government. The government agency is a bureau of the Department of the Treasury, and is under the immediate direction of the Commissioner of Internal Revenue, who is appointed to a five-year term by the President of the United States.

(source: irs.gov)

eSignatures Surge as Public Sector Embraces Faster Document Authentication
eSignatures Surge as Public Sector Embraces Faster Document Authentication
April 08, 2024  |  Authentication

In recent years, the documentation landscape has undergone a significant transformation, propelled by advancements in technology and shifting attitudes toward digitization.  This evolution is particularly...

READ MORE >
1042-S Adds Complexity to Tax Season for Banks and Corporates
1042-S Adds Complexity to Tax Season for Banks and Corporates
March 06, 2024  |  Taxes

It’s March — and for many corporations and government agencies, the race is on to file a complete accounting, particularly with Form 1042-S, with the...

READ MORE >
IRS Sues FDIC Over SVB Taxes
IRS Sues FDIC Over SVB Taxes
February 13, 2024  |  Legal

The Internal Revenue Service (IRS) is suing the Federal Deposit Insurance Corp. (FDIC) over a tax debt owed by the failed Silicon Valley Bank. The FDIC seized the bank...

READ MORE >
As Tax Season Looms, Form 1042 Makes the Leap to Digital Filing
As Tax Season Looms, Form 1042 Makes the Leap to Digital Filing
January 26, 2024  |  Taxes

Tax season is here, and the march towards digitization of records and electronic filing continues. Wendy Walker, solutions principal at Sovos, told PYMNTS that new e-File...

READ MORE >
IRS Delays Requirement to Report Certain Transactions Involving Digital Assets
IRS Delays Requirement to Report Certain Transactions Involving Digital Assets
January 17, 2024  |  Taxes

Businesses do not have to report certain transactions involving digital assets until the Treasury Department and the Internal Revenue Service (IRS) issue regulations. The agencies...

READ MORE >
IRS Launches Voluntary Disclosure Program for Businesses That Filed Dubious ERC Claims 
IRS Launches Voluntary Disclosure Program for Businesses That Filed Dubious ERC Claims 
December 21, 2023  |  Disbursements

The Internal Revenue Service (IRS) has launched a new program that aims to assist businesses that mistakenly filed Employee Retention Credit (ERC) claims and want to...

READ MORE >
FTX and IRS Battle Over $24 Billion Tax Claim
FTX and IRS Battle Over $24 Billion Tax Claim
December 12, 2023  |  Cryptocurrency

FTX Trading is reportedly currently locked in a legal dispute with the Internal Revenue Service (IRS) over a $24 billion tax claim. The outcome of...

READ MORE >
Tax Reporting Season Updates and Digital IDs Present Challenges for Businesses
Tax Reporting Season Updates and Digital IDs Present Challenges for Businesses
December 12, 2023  |  Taxes

Wendy Walker, solution principal at Sovos, said changes to IRS reporting that help identify firms may catch some businesses unaware.  As Walker illustrated in a...

READ MORE >
Sika Health Launches Marketplace for Shopping With HSA, FSA Funds
Sika Health Launches Marketplace for Shopping With HSA, FSA Funds
December 06, 2023  |  Healthcare

Sika Health has launched a marketplace that makes it easy for consumers to shop at more than 30 health and wellness brands and retailers with...

READ MORE >