PYMNTS
JULY 23, 2020
The heightened speed at which the payments will come is based around the procedures, online tools and bank account information that were not present during the hasty rollout of the first payments, new at the time due to the pandemic’s rapid onset.
PYMNTS
JANUARY 22, 2020
Freelancers and their partner companies are bracing for several other regulatory shifts to payments inside of the U.S., which is why departments such as the Internal Revenue Service (IRS) are making strides to help. To find out more about how kimkim is approaching freelance payment innovation, visit the Tracker’s Feature Story.
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PYMNTS
APRIL 5, 2020
The IRS will be using federal tax returns from 2018 or 2019 to determine eligibility. Children under 17 are eligible for $500 payments. TurboTax teamed up with the IRS and volunteered to develop a tool to help non-filers get their money. The IRS said that people should opt for direct deposit to speed up the payment.
PYMNTS
JANUARY 27, 2020
Armed with knowledge of superior capabilities, more government agencies are retiring paper, digitizing payments and seeing the benefits. states are caught up in faster payments fervor, but not all officials seem persuaded. States’ Rights and Digital Dollars. Treasury and revenue departments in multiple U.S.
PYMNTS
APRIL 14, 2020
As previously reported , the platform addresses such financial processing areas as a Form 1099-MISC, an IRS form used for nonemployee payments. The company’s push payment launch was powered by an $8 million funding round led by angel investors at TechOperators. businesses.”
PYMNTS
DECEMBER 15, 2020
The stimulus payment deadline for U.S. 21, meaning many l ow-income families were the last to receive stimulus funding from the IRS. This reveals that shifting from paper checks to faster, digital payment methods could be key for the IRS and other agencies as they seek to send funds to financially strapped consumers.
PYMNTS
MARCH 17, 2020
The March 2020 Disbursements Tracker ,® done in collaboration with Ingo Money , explores faster payment options that are available to taxpayers and tax preparers in this time of turmoil, so that when refunds are (eventually) issued, they will be digitally disbursed with speed and safety. Platforms Accelerate Payments.
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