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

It’s Tax Day, But Paper Filers Might Not See Their Refunds Until 2021

It’s Tax Day, But Paper Filers Might Not See Their Refunds Until 2021
It’s Tax Day, But Paper Filers Might Not See Their Refunds Until 2021
July 15, 2020  |  Taxes

Today (July 15) is Tax Day, and despite it coming three months later than normal due to COVID-19, several million Americans will be scrambling to...

READ MORE >
IRS Reminds Americans Taxes Due July 15
IRS Reminds Americans Taxes Due July 15
July 09, 2020  |  Taxes

For taxpayers who took advantage of the 90-day reprieve to file or pay taxes, the deadline is almost up. The Internal Revenue Service (IRS) has...

READ MORE >
A Digital Disbursement Fix To Help SMBs Keep Afloat
A Digital Disbursement Fix To Help SMBs Keep Afloat
July 02, 2020  |  Disbursements

The pandemic is continuing to throw typical business operations for many industries into flux, resulting in disastrous financial consequences. Small- to medium-sized businesses (SMBs) in...

READ MORE >
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...

READ MORE >
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...

READ MORE >
$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...

READ MORE >
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....

READ MORE >
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...

READ MORE >