Intuit is leaving the IRS Free File program after 20 years because of “limitations of the Free File program and conflicting demands for those outside the program,” the company announced in a Thursday (July 15) blog post. The Intuit announcement noted that more than 90 percent...
The U.S. wants the European Union to think twice before implementing a new digital tax across its 27 members, Bloomberg reported. The proposed digital tax could do away with some progress made toward a global agreement for a corporate tax, according to Bloomberg. It might...
The European Union’s (EU) European Commission (EC) is instituting a new business tax to benefit the Post-Pandemic Recovery Fund, U.S. News reported on Friday (July 2). The levy will apply to numerous companies, most being European, executive vice-president Margrethe Vestager said. The 27 countries comprising...
Identity thieves are inflicting pain not only on victims, but on taxpayers whose refunds have been delayed by IRS security protocols the criminals have made necessary, data contained in the agency’s Taxpayer Advocate’s recent annual report to Congress indicates. Most taxpayers get refunds, the report...
Stripe launched its own tax compliance service for businesses in more than 30 countries around the world Thursday (June 10), the FinTech announced in a press release emailed to PYMNTS. Using location data, Stripe Tax calculates and gathers accurate sales tax, goods and services tax...
U.S. tax authorities want assistance with accessing digital currency hardware wallets, Vice reported Thursday (April 29), citing a document published on the agency website in March 2021. IRS Criminal Investigation, the law enforcement division of the Internal Revenue Service, and the Digital Forensic Unit are...
The IRS has been swamped with a backlog of unprocessed tax returns amid the pandemic that could delay tax refunds, according to a report from the Treasury Inspector General For Tax Administration. “Of particular concern is the continued challenges in hiring sufficient staff needed to...
ACI Worldwide and the Internal Revenue Service (IRS) have expanded their partnership to offer consumers a new payment option that allows them to pay their taxes online with cash. Once validated by the IRS, taxpayers who opt for the new cash option will receive a...
Maryland lawmakers Friday threw the tax gauntlet down in front of Big Tech. The state’s lawmakers overturned a gubernatorial veto of a new tax on digital advertising revenue that the New York Times described as the first of its kind in the United States — and...
