taxes

A tax is a compulsory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund various public expenditures. A failure to pay, along with evasion of or resistance to taxation, is punishable by law.

Source: en.wikipedia.org

Banking Groups Ask US House to Kill Proposed Account Reporting

Banking Groups Ask US House to Kill Proposed Account Reporting
Banking Groups Ask US House to Kill Proposed Account Reporting
September 19, 2021  |  Bank Regulation

U.S. banking lobby groups want to nix a proposal for bank account reporting that’s part of the congressional reconciliation package. Get the Full Story Complete...

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Yellen Asks Congress to Make Banks Report Taxpayer Cash Flows to IRS
Yellen Asks Congress to Make Banks Report Taxpayer Cash Flows to IRS
September 16, 2021  |  Taxes

Treasury Secretary Janet Yellen and IRS commissioner Charles Rettig have been pressuring lawmakers to give the IRS more information on taxpayers’ bank accounts. Get the...

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House Bill Would Impose ‘Wash Sale’ Securities Rule on Crypto
House Bill Would Impose ‘Wash Sale’ Securities Rule on Crypto
September 15, 2021  |  Cryptocurrency

House Democrats are putting forward legislation that will help close a tax loophole for cryptocurrency investors, making it so crypto is subject to anti-abuse rules...

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New Partnership to Meet the Challenges of Global eInvoicing, Intercompany Automation
New Partnership to Meet the Challenges of Global eInvoicing, Intercompany Automation
September 09, 2021  |  B2B Payments

Coping with tax-mandated eInvoicing may be challenging for companies that work on an international scale, but in meeting those mandates there’s a silver lining of...

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CBO: Biden’s IRS Proposal Could Yield About $200B in Revenue
CBO: Biden’s IRS Proposal Could Yield About $200B in Revenue
September 03, 2021  |  Taxes

The Congressional Budget Office (CBO) says it has concluded its analysis of a proposal by the White House to increase spending on IRS enforcement activity...

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IRS: Bank Reporting Data Key To Addressing Tax Evasion
IRS: Bank Reporting Data Key To Addressing Tax Evasion
September 02, 2021  |  Taxes

In a letter to Sen. Elizabeth Warren (D-Mass.) IRS Commissioner Charles Rettig said requiring banks to provide insight into customers’ transaction history could help the...

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Centerbase Buys Family Law Software to Support Law Firms
Centerbase Buys Family Law Software to Support Law Firms
September 01, 2021  |  B2B Payments

Legal practice management software company Centerbase has acquired family law workflow software company Family Law Software, according to a press release on Wednesday (Sept. 1)....

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Digital River, Avalara Team On Global Tax Management For eCommerce
Digital River, Avalara Team On Global Tax Management For eCommerce
August 24, 2021  |  B2B Payments

Global eCommerce platform Digital River on Tuesday (Aug. 24) announced that it’s joining forces with cloud-based business tax compliance automation platform Avalara on a global...

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Child Tax Credit Payout Of $15B+ Could Mean Big Spending Across US
Child Tax Credit Payout Of $15B+ Could Mean Big Spending Across US
August 13, 2021  |  Economy

The U.S. Department of the Treasury and the Internal Revenue Service on Friday (Aug. 13) paid more than $15 billion to families for the almost...

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