Payments Source

JANUARY 8, 2021

The Treasury Department and IRS are sending out approximately 8 million Visa prepaid cards to deliver a second round of Economic Impact Payments (EIPs) to consumers.

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IRS Treasury Consumer Payments 170

PYMNTS

APRIL 22, 2020

If your $1,200 federal COVID-19 stimulus payment has been deposited into your bank account by the Internal Revenue Service (IRS), consider yourself one of the lucky ones. An IRS spokesman told PYMNTS that only about 80 million payouts – about half of the expected total – had been issued as of last Friday (April 17).

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IRS Checks Direct Deposit Bank Routing Number 130

PYMNTS

AUGUST 18, 2020

Department of the Treasury and the IRS are planning to send out interest payments totaling $18 on average to 13.9 In any such incident, where the date is postponed from its usual April 15 deadline, the IRS is required to pay interest. million Americans who filed their tax returns in the last few months, according to a press release.

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IRS Checks Direct Deposit Tax Refunds 120

PYMNTS

JULY 23, 2020

Since the IRS has already assembled the data it needs to deliver the first-stimulus payment, they should be able to deliver a second payment fairly quickly and at a lower administrative cost,” Jack Smalligan, a former Office of Management and Budget official, told WSJ.

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Direct Deposit IRS Checks Procedures 144

PYMNTS

JANUARY 7, 2021

Compounding that are the reports from many of those people that the IRS hasn't been responsive to calls about the issue, CNBC said, as many of them waited for hours at a time and then were randomly disconnected. CNBC reported thousands of such emails from Americans in dire need of the checks to pay bills.

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IRS Checks Debit Card Payments 97

Payments Source

NOVEMBER 29, 2016

A request by the IRS for user data from a bitcoin exchange highlights simmering tensions between compliance and customer privacy for financial institutions and will test how those demands are balanced in the young field of cryptocurrency.

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IRS Bitcoin Privacy Cryptocurrency 103

PYMNTS

APRIL 27, 2020

In addition, tax filers who have recently provided bank information to the IRS will get the payments. The IRS’ Taxpayer Advocate Service offers information on the overall program. Americans can use the IRS Get My Payment tool to enter their direct deposit information and track their payments.

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IRS Checks Small Business Direct Deposit 103

PYMNTS

APRIL 24, 2020

The Internal Revenue Service (IRS) said on Friday (April 24) that another eight million Americans have received their coronavirus stimulus payments over the past week. That’s up some eight million from one week ago, bringing the total value of payouts to nearly $158 billion, according to the IRS. The agency said it has issued 88.1

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IRS Checks Treasury Returns 92

PYMNTS

SEPTEMBER 11, 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. Even the U.S.

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IRS Cryptocurrency RFP Law Enforcement 96

PYMNTS

SEPTEMBER 9, 2020

The Internal Revenue Service (IRS) announced on Wednesday (Sept. Time is running out this year for the IRS to issue payments,” said IRS Commissioner Chuck Rettig in a statement. “We 24, will be delivered from an IRS address. Last month, the IRS and the U.S. 15 to receive their payment by year's end. .

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IRS Returns Payments Treasury 79

PYMNTS

NOVEMBER 15, 2018

The Internal Revenue Service (IRS) is paying $1.7 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. government collected approximately $4.7

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IRS Legal Governance Government 83

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

Payments Dive

MARCH 17, 2022

The share of consumers planning to use mobile phones to pay their taxes increased over last year, while the portion preferring to pay by check declined, according to a survey from payments firm ACI Worldwide.

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Checks IRS Consumer Payments 144

PYMNTS

JUNE 29, 2020

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 for Fiscal Year 2021 that it began 716 corporate examinations from April 1 to June 1 this year compared to 2,445 during the same time last year, a 71 percent drop.

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Audit IRS Tax Refunds Returns 69

Finextra

JANUARY 2, 2025

The US Internal Revenue Services (IRS) and Treasury are facing legal action from a number of blockchain trade groups over newly introduced rules for crypto brokers.

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IRS Blockchain Regulations Treasury 64

PYMNTS

APRIL 12, 2020

People with direct deposit on file with the IRS will be among the first to get coronavirus relief funds when stimulus payments start going out this week, according to numerous reports Sunday (April 12). The IRS has until year-end to make the payments, CARES Act legislation indicates.

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IRS Direct Deposit Consumer Payments 123

Payments Source

DECEMBER 1, 2016

A federal court in California has accepted a controversial request from the IRS to obtain the records of possibly millions of users of the bitcoin exchange Coinbase.

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IRS Bitcoin Compliance 67

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 11, 2020

The Internal Revenue Service (IRS) says it’s making progress distributing stimulus checks, and there’s still time for recipients to get their checks direct deposited. We are working hard to continue delivering these payments to Americans who need them,” said IRS Commissioner Chuck Rettig in a statement. The payments, part of the $ 2.2

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Direct Deposit IRS Checks Social Security 64

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

FEBRUARY 14, 2020

A section of the IRS website telling people that the online currency from the popular game Fortnite was subject to federal taxes has been removed as of Wednesday (Feb.12). It apparently marked the first time that video game currencies had received a comment from the IRS. law, according to CNN. law, according to CNN.

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IRS Bitcoin Cryptocurrency Laws 57

The Paypers

JANUARY 7, 2022

As part of the American Rescue Plan Act, the Internal Revenue Service ( IRS ) has announced that all transactions over USD 600 made through payment apps must be reported.

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IRS Transactions Payments 69

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

The Paypers

JANUARY 7, 2022

As part of the American Rescue Plan Act, the Internal Revenue Service ( IRS ) has announced that all transactions over USD 600 made through payment apps must be reported.

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IRS Transactions Payments 68

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

Stripe

MARCH 3, 2025

Founders can now accept payments immediately after incorporation, while Atlas handles the IRS filings in the background.

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IRS Payments 116

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

APRIL 23, 2020

Holtzblatt said the IRS “didn’t have much time” to ensure that everything worked correctly due to the immediacy of the myriad problems the virus caused.

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IRS Checks Direct Deposit On-Demand 70

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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IRS Social Security Returns Non-Bank 130

PYMNTS

APRIL 9, 2020

The first round of emergency assistance is expected to reach people who have previously provided direct deposit information to the Internal Revenue Service (IRS). For security reasons, the IRS will mail letters to recipients at their last known address within 15 days after the payment is made.

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IRS Direct Deposit Social Security Accounts 102

Payments Source

NOVEMBER 11, 2019

The IRS’s criminal division identified “dozens” of potential cryptocurrency tax evaders or cybercriminals after a meeting with tax authorities from four other countries.

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IRS Cryptocurrency Authorization Risk 90

PYMNTS

AUGUST 15, 2019

Last month it was revealed that the IRS was sending 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. Now it’s the IRS saying, we’ve got the records.”. Taxpayers should take these letters very seriously.

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IRS Returns Cryptocurrency Laws 46

PYMNTS

NOVEMBER 25, 2020

The company said that Coindesk will only provide the IRS Form 1099-MISC for eligible Coinbase.com, Coinbase Prime and Coinbase Pro clients for the 2020 tax season. And Coinbase will not be providing a Form 1099-K for trades on the Coinbase exchange as of the 2020 tax year, according to a post from the company.

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IRS Digital Currency Laws NOV 97

Trade Credit & Liquidity Management

APRIL 11, 2025

From a Press Release Dated April 10, 2025, Schaumburg, Illinois Bectran, an accounts receivable management technology provider, has launched a new integration with Cobalt to enable real-time IRS-based Tax Identification Number (TIN) verification directly within its platform.

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IRS Verification Fraud Detection Fraud Prevention 40

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

APRIL 5, 2020

The IRS will be using federal tax returns from 2018 or 2019 to determine eligibility. TurboTax teamed up with the IRS and volunteered to develop a tool to help non-filers get their money. The TurboTax Stimulus Registration solution will help people send the IRS a minimal tax return to ensure payment.

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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