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

AP Automation and Virtual Cards Shine This Week in B2B

AP Automation and Virtual Cards Shine This Week in B2B
AP Automation and Virtual Cards Shine This Week in B2B
May 09, 2024  |  B2B Payments

The B2B landscape is responsible for around $125 trillion of annual money movement. And those B2B payments are working overtime in the background to power much...

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What Businesses Tackling Technical Debt Can Learn From the IRS
What Businesses Tackling Technical Debt Can Learn From the IRS
May 07, 2024  |  Technology

Where a business spends its money typically defines its strategy. And with the news last Thursday (May 2) that the Internal Revenue Service (IRS) is...

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IRS Modernization Efforts Pose Challenges as Enterprises Embrace eFiling  
IRS Modernization Efforts Pose Challenges as Enterprises Embrace eFiling  
May 04, 2024  |  Taxes

Digital transformation is becoming as inevitable as the reality of paying taxes. And as many companies discovered during the recent tax season, even the IRS...

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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...

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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...

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IRS Sues FDIC Over SVB Taxes
IRS Sues FDIC Over SVB Taxes
February 13, 2024  |  Legal & Regulation

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...

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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...

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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...

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