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

IRS Corporate Audits Drop 71 Pct, Individual Audits Fall 65 Pct
IRS Corporate Audits Drop 71 Pct, Individual Audits Fall 65 Pct
June 29, 2020  |  Taxes

The number of tax audits on corporations plunged amid the pandemic, with the IRS saying in the National Taxpayer Advocate’s “Objectives Report to Congress” report...

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Wells Fargo On Why First Impressions Are Key In Digital Banking
Wells Fargo On Why First Impressions Are Key In Digital Banking
June 29, 2020  |  Banking

Consumers are embracing digital banking amid the pandemic, with many signing up for the first time. But time-consuming onboarding procedures that require extraneous details lead...

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$1.4B In Pandemic Stimulus Checks Went To Dead People
$1.4B In Pandemic Stimulus Checks Went To Dead People
June 25, 2020  |  Economy

Pandemic stimulus payments totaling almost $1.4 billion went to dead people as the Internal Revenue Service (IRS) and Treasury Department rushed to send out $269...

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Bitcoin Daily: SEC Freezes Crypto Firm’s Assets, Alleging It Stole $12M From Investors; Hong Kong: 39 Pct Of New FinTechs There Are Blockchain Firms; Coinbase Eyes Selling Blockchain Analytics To IRS, DEA
Bitcoin Daily: SEC Freezes Crypto Firm’s Assets, Alleging It Stole $12M From Investors; Hong Kong:...
June 08, 2020  |  Bitcoin

The Securities & Exchange Commission (SEC) has moved to freeze the assets of a $12 million cryptocurrency mining and multi-level marketing (MLM) scheme, Coindesk reports....

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The Machine Learning Fix For Healthcare Disbursement Delays
The Machine Learning Fix For Healthcare Disbursement Delays
June 02, 2020  |  Disbursements

Financial institutions (FIs), businesses and healthcare providers are adjusting their operations to suit the new reality that the COVID-19 pandemic has caused. Healthcare provideers, for...

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Problems With Stimulus Debit Cards Continue For Americans
Problems With Stimulus Debit Cards Continue For Americans
June 01, 2020  |  Economy

Americans continue to face problems with accessing stimulus debit cards, with some people receiving cards they can’t use due to the wrong names being printed...

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IRS: Stimulus Card Isn’t Junk Mail
IRS: Stimulus Card Isn’t Junk Mail
May 28, 2020  |  Consumer Finance

The Internal Revenue Service (IRS) wants to make sure you don’t throw out your prepaid $1,200 government stimulus debit card. Many people have done that,...

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Treasury: 4 Million IRS Stimulus Payments To Be Sent Via Visa Prepaid Debit Card
Treasury: 4 Million IRS Stimulus Payments To Be Sent Via Visa Prepaid Debit Card
May 18, 2020  |  Disbursements

The U.S. Treasury Department and the IRS are planning to send out around 4 million Economic Impact Payments (EIP) via Visa prepaid debit cards rather...

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Bitcoin Daily: IRS Eyes Hiring Contractors To Help With Crypto Taxes; Phemex Exchange To Launch Subscriptions Instead Of Charging Per Trade
Bitcoin Daily: IRS Eyes Hiring Contractors To Help With Crypto Taxes; Phemex Exchange To Launch...
May 13, 2020  |  Bitcoin

The IRS is seeking to have contractors assist in auditing digital currency tax returns, according to a post on CryptoTrader.Tax‘s website. The agency reportedly wrote...

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