PYMNTS

NOVEMBER 15, 2018

The Internal Revenue Service (IRS) is paying $1.7 government collected approximately $4.7 As a result, the IRS has hired The MITRE Corporation to help process the large sum of cash tax payments. MITRE and the IRS declined to provide additional details regarding their contract. “I According to Quartz , the U.S.

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PYMNTS

MAY 28, 2020

The Internal Revenue Service ( IRS ) wants to make sure you don’t throw out your prepaid $1,200 government stimulus debit card. The Treasury issued 4 million stimulus payments by debit card as part of a program to help get stimulus pay out to Americans who didn’t have bank information on file for the last few years with the IRS.

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IRS Bureau of the Fiscal Service Debit Card Treasury 68

PYMNTS

JANUARY 12, 2021

The federal government is not exactly the poster child for modern payments distribution. The fact that the government needs to immediately modernize its payments capabilities is something that everyone knew, according to Ingo CEO Drew Edwards – but what has escaped the conversation is the need to identify the actual core problem. “The

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Government Governance IRS Payer 90

PYMNTS

DECEMBER 16, 2020

Government agencies fall among the cohort of institutions that need to disburse funds with more speed than usual, but they’re tasked with sending stimulus checks and business loans to the financially vulnerable, making the stakes higher for those who fail to quickly respond to these pandemic-driven changes.

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Governance Government IRS Push-to-Card 93

PYMNTS

APRIL 27, 2020

Those who had trouble utilizing the IRS’ “Get My Payment” web tool to access their personal stimulus funds may now find it easier to use after updates were made, per reports. According to the IRS, the updates will make it easier for individuals to add direct deposit information and check the status of their funds.

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IRS Checks Direct Deposit Social Security 61

PYMNTS

MAY 28, 2020

The Internal Revenue Service ( IRS ) wants to make sure you don’t throw out your prepaid $1,200 government stimulus debit card. The Treasury issued 4 million stimulus payments by debit card as part of a program to help get stimulus pay out to Americans who didn’t have bank information on file for the last few years with the IRS.

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IRS Bureau of the Fiscal Service Debit Card Treasury 65

PYMNTS

APRIL 9, 2020

Americans could start receiving COVID-19 stimulus money from the federal government as early as Thursday (April 9) or Friday, according to reports. The first round of emergency assistance is expected to reach people who have previously provided direct deposit information to the Internal Revenue Service (IRS). Debbie Dingell (D-Mich.),

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IRS Direct Deposit Social Security Accounts 102

PYMNTS

FEBRUARY 19, 2020

The IRS has invited cryptocurrency groups to meet for a regulatory summit March 3 to discuss how the two can work together going forward, published reports said Tuesday (Feb. The overall theme will be balancing taxpayer services with the IRS’ regulatory needs.

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IRS Cryptocurrency Money Laundering Bitcoin 67

PYMNTS

JULY 26, 2019

The Internal Revenue Service (IRS) is going to send letters to about 10,000 cryptocurrency holders warning them about the penalties they will face if they don’t report their income or pay taxes on the transactions, according to a report by The Wall Street Journal. The letter also said the IRS may be in touch with them.

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IRS Digital Currency Cryptocurrency Laws 51

PYMNTS

JULY 15, 2020

A former Coinbase user, Jim Harper, is looking to protect his privacy from the IRS through a lawsuit, CoinDesk reported. Now, Harper is suing the IRS, its commissioner and up to 10 unnamed agents, saying that if the IRS illegally accessed his data, he wants it destroyed.

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IRS Encryption Law Enforcement Privacy 61

PYMNTS

SEPTEMBER 21, 2020

Incomplete government records could have resulted in around 8.7 million Americans miss $1,200 payments, according to a government watchdog, the Associated Press reported Monday (Sept. The latest Government Accountability Office (GAO) report also called for better guidance on how to reopen schools.

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Checks IRS Returns Government 91

The Finance Weekly

FEBRUARY 10, 2024

The IRS doesn't tolerate late payments. The final day of tax document submission to the IRS. Recognize Tax Forms These are a few ,, IRS forms you might need to report taxes. For a detailed list, you can visit the IRS website. If you're having trouble paying on time, contact the IRS early to discuss a payment plan.

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PYMNTS

APRIL 5, 2020

The IRS will be using federal tax returns from 2018 or 2019 to determine eligibility. People earning less than $75,000 (or $150,000 for married couples) are entitled to get one-time government stimulus checks of up to $1,200 for individuals or $2,400 for joint-filers. There are roughly 10 million people in the U.S.

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IRS Returns Checks Direct Deposit 91

PYMNTS

DECEMBER 9, 2016

At a time when the IRS is trying to find out the identities behind bitcoin users, the Pennsylvania Allegheny County District Attorney’s office revealed it had to use bitcoin to pay a ransom to get its data back. Department of Justice, the Northern District of California court is allowing the IRS to serve a summons to Coinbase for U.S.

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Bitcoin IRS Audit Blockchain 80

PYMNTS

JANUARY 8, 2021

The IRS is supposed to distribute all payments by Friday, Jan. People have been frustrated by not being able to reach the IRS about the payments. The Treasury Department said it set up a special website for EIP card information.

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Debit Card Checks IRS Direct Deposit 129

PYMNTS

MAY 6, 2020

Online betters are unlikely to be satisfied waiting the five days it takes for an ACH settlement or even through paper check sent through the mail, a problem United States government entities are also dealing with as they attempt to send out anticipated stimulus checks to citizens. Around The Disbursements Worl d.

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IRS Checks Blocks Government 88

PYMNTS

APRIL 30, 2020

Reuters reported its sources confirmed MetaBank of South Dakota and Wisconsin-based Fiserv got the go-ahead following lobbying of the Internal Revenue Service (IRS) by payment industry groups. Getting the payments into the hands of taxpayers has posed a challenge for the IRS. The IRS still must provide 60.5

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PYMNTS

APRIL 18, 2016

The news comes as a result of testimony from Nina Olson, the agency’s national taxpayer advocate, delivered to a House panel focused on government operations. This is a pilot program under consideration, said Olson. Perhaps predictably that would-be pilot program has already drawn some criticism. In questioning, Rep. Is that correct?”.

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IRS Payments Government Governance 40

PYMNTS

MARCH 21, 2017

The Internal Revenue Service (IRS) continues its efforts to gain access to United States Coinbase customer accounts, filing new documents in federal court to get the California-based company to turn over the records. The IRS filed its initial request — known as a “John Doe” summons because it doesn’t name a specific person — in November 2016.

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IRS Bitcoin Digital Currency Assessments 40

PYMNTS

APRIL 7, 2016

PayNearMe, which helps connect government agencies to cash payments, said on Wednesday (April 6) that, for the first time, U.S. Today’s consumers want convenience, as evidenced by the more than 75 percent of IRS electronic payments that are made through OfficialPayments.com via online or a mobile browser. ”

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IRS Online and Mobile Banking Payer Credit Cards 40

PYMNTS

SEPTEMBER 14, 2020

The United States may have some of the world's best cryptographers working for the National Security Agency and other spy shops, but the Internal Revenue Service (IRS) is crowdsourcing at least part of its effort to beat the algorithms that cloak information about certain cryptocurrencies.

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IRS Blockchain Cryptocurrency RFP 64

The Paypers

NOVEMBER 18, 2024

Multinational investment bank Citigroup has been probed by US government agencies, the DOJ, the FBI, and the IRS, over its ties to sanctioned Russian billionaire

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Government Governance IRS FBI 41

PYMNTS

DECEMBER 22, 2020

According to the IRS, they'll use the same Direct Deposit details as they did the first time, the release stated. John Kunze , PayPal's senior vice president of Branded Experiences, said the company wants to be of use during the pandemic. "In

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Checks PayPal Direct Deposit Venmo 113

PYMNTS

JULY 7, 2017

According to a report in Fortune , the IRS said last week in a hearing over its fight with anonymous bitcoin buyers that it has been talking to Coinbase about limiting the information it needs to search for unreported income. The IRS , according to the report, contends only 802 people claimed gains or losses from bitcoin in 2015.

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IRS Bitcoin Legal Laws 40

PYMNTS

DECEMBER 29, 2016

The Internal Revenue Service has asked a court to dismiss a motion filed by a Coinbase user who wants the court to block the IRS from accessing transaction data. According to a report by Forbes , the IRS, in a motion filed on Tuesday (Dec. Berns , sued to get that ruling set aside, and now, the IRS had its turn with the courts.

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IRS Blocks Payer Bitcoin 43

PYMNTS

JANUARY 27, 2020

Legacy technology issues abound these days, but for sheer scale (and a good giggle) always look to the government. These stories of inefficiency and overspend are usually epic and sometimes humorous, but there’s nothing funny about the torpor affecting state and local government disbursements. Illinois printed and mailed $1.3

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Faster Payments Government Governance Tax Refunds 52

PYMNTS

JANUARY 5, 2021

While the IRS has been able to deliver the second round of Economic Impact Payments in record time, we understand there are many questions and we appreciate everyone’s patience during this period,” the agency said in a statement late Tuesday (Jan. 5), according to WSJ.

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IRS Accounts Debit Card Payments 94

PYMNTS

JANUARY 6, 2021

Some H&R Block and TurboTax users did not get the new stimulus payment because it was directed by the IRS to an unfamiliar bank account, sources told CNBC. Those users were looking for deposits on the IRS Get My Payment tool. According to the IRS, any bank getting erroneous payments will kick the monies back to the government.

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Blocks Checks IRS Direct Deposit 71

PYMNTS

NOVEMBER 18, 2016

17) of a new tax bill scam in which unwitting consumers receive a fake IRS notice that contends they owe the government money because of the Affordable Care Act. The IRS said lots of people have received the fake notices, which typically say a taxpayer owes money from the year earlier under the Affordable Care Act.

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Tax Scams Scams IRS Federal Trade Commission 61

Fintech Finance

OCTOBER 24, 2024

Government impersonation scams: Consumers are falling victim to scams where fraudsters pose as representatives from the government, including agencies like the USPS, the FBI and the IRS. In the first three months of 2024, the average government impersonation scam victim in the U.S.

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Scams Ransomware Government Governance 98

PYMNTS

APRIL 15, 2020

Walmart is hoping customers will sign up for its Walmart MoneyCard to create a direct deposit account to access the government stimulus payments being sent out this week, touting waived fees and quick access, according to an emailed press release. The retail giant said the process would be safe, easy and affordable.

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Checks Direct Deposit Accounts IRS 98

PYMNTS

NOVEMBER 16, 2018

The federal government alone collected an estimate $4.7 There’s just one, small, fizzly problem for the IRS. billion coming into the federal government in cash is close to about five tons of money that must be dealt with. Hence the IRS and its five tons of cash to process.

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IRS Legal Payments Push-to-Card 70

PYMNTS

JUNE 8, 2020

government, The Block reported. Drug Enforcement Association (DEA) and Internal Revenue Service (IRS) looking to buy the license, according to documents seen by The Block. The purchase, according to the IRS document, would be useful to help keep ahead of crimes related to cryptocurrency and digital banking.

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IRS Distributed Ledger Technology (DLT) Blockchain Cryptocurrency 52

The Paypers

OCTOBER 11, 2018

(The Paypers) The Government Accountability Office (GAO) has agreed that the Internal Revenue Service’s (IRS) needs to start looking ahead to new identity verification technologies.

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IRS Authentication Verification Government 31

PYMNTS

SEPTEMBER 22, 2020

Democrats also asked about recent revelations that nearly 9 million people possibly hadn't received the first stimulus checks, due to what the IRS said was incomplete government information. But the GAO said the IRS still needed to update the information on the amount of people still without checks.

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PYMNTS

APRIL 13, 2020

For those who have not provided direct deposit information to the IRS in recent years, checks — the paper kind — will be cut and sent to recipients.

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Fed Federal Reserve Accounts Direct Deposit 99

PYMNTS

MAY 26, 2020

And, with ASAP Direct Deposit, consumers can get their pay as soon as two days prior to payday or government benefits as soon as four days early. The app makes a distinct barcode for scanning by the cashier and funds are available within 10 minutes. In addition, they can also visit a website to learn more about the product offering.

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Direct Deposit Debit Card IRS Deposit Account 88