IRS, Returns and Tax Refunds

IRS Sends Refund Interest Checks To 13.9 Million Taxpayers

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 million Americans who filed their tax returns in the last few months, according to a press release. Interest is paid at the legally prescribed rate, adjusted quarterly, according to the release.

IRS

IRS Checks Direct Deposit Tax Refunds

5 Ways to Protect Yourself Against Tax Refund Fraud

FICO

MARCH 8, 2021

This year the Internal Revenue Service (IRS) will start accepting 2020 tax returns on February 12 , about two weeks later than usual. That’s positive news—because you definitely want to file your tax return as soon as possible, particularly if you’re claiming a refund. Why is that important? File early.

Tax Refunds

Tax Refunds Identity Theft IRS Returns

IRS Corporate Audits Drop 71 Pct, Individual Audits Fall 65 Pct

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.

Audit

Audit IRS Tax Refunds Returns

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Credit Karma To Advance Tax Refunds For Free

PYMNTS

JANUARY 5, 2018

citizens who file their tax returns through Credit Karma Tax to get a $500 to $1,000 advance on their tax refund with no fees or interest. The clients can get access to the funds as quickly as 24 hours after the IRS accepts the tax return.

Tax Refunds

Tax Refunds IRS Direct Deposit Debit Card

NRF Survey: Tax Payers Not Spending Refunds

PYMNTS

FEBRUARY 23, 2017

That day is when the IRS hands out tax refund checks from the previous year’s tax filing. Research conducted by the National Retail Federation (NRF) and Prosper Insights & Analytics paints a much different picture for this year’s tax refund spending — or, in this case, not spending — activities.

Tax Refunds

Tax Refunds Payer IRS Returns

Hacker Tracker: The Evolving Threat Of Tax Fraud

PYMNTS

MARCH 10, 2017

Earlier this year, the Treasury Inspector General for Tax Administration reported that there was a reduction in the number of fraudulent tax returns identified between 2013 and 2015.

IRS

IRS Phishing Tax Refunds Returns

Tax Time Tardiness And The Faster Refund

PYMNTS

MARCH 17, 2020

The Internal Revenue Service (IRS) says refunds take an average of 21 calendar days to reach recipients – but as CBS News reported in January 2020, “…the tax agency notes that it can take longer to receive your refund, typically because the IRS needs more time to process the return in case of errors or other problems.”.

IRS

IRS Tax Refunds Direct Deposit Faster Payments

Here’s How Your Tax Day Stacks Up

PYMNTS

APRIL 18, 2017

Tax season, that is. And today is IRS Christmas. Curious to know how your taxes stacked up? While we won’t know about 2016’s filings until next year, IRS preliminary data from 2015’s filings (what you submitted in 2016) can shed some light on the typical American taxpayer’s contribution. percent).

IRS

IRS Tax Refunds Social Security Returns

How Smarter Payment Tools Make Filing Taxes Less Taxing

PYMNTS

APRIL 5, 2018

Fortunately, online tax filing solutions have helped cut through the mounds of paperwork that go into preparation and filing — and consumers seem to be rejoicing. As of March 16, 2018, the Internal Revenue Service (IRS) reports approximately 72.7 million individual returns have been filed electronically, a slight 0.7

Payments Tools

Payments Tools Tax Refunds Direct Deposit Blocks

Why Millennial SMB Owners Need Faster Tax Disbursements

PYMNTS

MARCH 12, 2020

The joys of tax season: complex paperwork, long wait times and check disbursements. Many United States consumers are still reliant on paper checks when it comes to receiving their tax refunds, which represents the largest sum of money many of them will receive at one point during the fiscal year. Only 24 percent of U.S.

Tax Refunds

Tax Refunds Checks IRS ACH

The Guide to W-2 Form Automation

Nanonets

JUNE 28, 2023

A W-2 form is a tax form used in the United States to report an employee's annual wages and the amount of taxes withheld from their paycheck by their employer. The form is provided by employers to their employees and is also submitted to the Internal Revenue Service (IRS) for tax purposes. Who Files a W-2 Form?

Automation

Automation IRS Social Security Returns

Data Dive: The Yes, No, Gotcha! Edition

PYMNTS

JANUARY 8, 2018

Credit Karma said yes to early tax refunds for consumers – for free. Good Tax Lending Karma. Good news for consumers avidly awaiting their tax refund for 2018: Credit Karma Tax is rolling out a new product call Earlybird Advance, an online refund advance service. And that was just Tuesday.

Tax Refunds

Tax Refunds Scams Wire Wires

State And Local Governments Wrestle With Faster Payments

PYMNTS

JANUARY 27, 2020

More states are starting to use recurring digital payments as the means by which tax refunds and other government monies are paid out. The Internal Revenue Service (IRS) has been blazing a digital trail for years and processed 29 million returns via direct deposit between February 2018-2019.

Faster Payments

Faster Payments Governance Government Tax Refunds

It’s Tax Day, But Paper Filers Might Not See Their Refunds Until 2021

PYMNTS

JULY 15, 2020

Today (July 15) is Tax Day , and despite it coming three months later than normal due to COVID-19, several million Americans will be scrambling to get their returns (or at least their applications for extensions) out the door by midnight. Those returns don’t present much of a challenge during the pandemic.

IRS

IRS Tax Refunds Returns Process

Will COVID And Fraud Finally Kill The Paper Check?

PYMNTS

AUGUST 4, 2020

Consider the roughly 200 Rhode Islanders who recently received tax refund checks signed by Mickey Mouse and Walt Disney. The majority of the misprinted checks were sent to businesses receiving corporate tax refunds. Not surprisingly, the affected IRS employees are none too pleased. Case in point are the roughly $1.4

Checks

Checks IRS Tax Refunds Returns

Death And Taxes: One Is Becoming Much More Digital

PYMNTS

JANUARY 10, 2019

After the holiday season comes tax season — everyone’s favorite time — but at least the payment of taxes, along with the tax refund process, promises to become even more digital this year. And digital payers are striving to win more business from tax filers this year. Rise of Quicker Payments. New Products.

Tax Refunds

Tax Refunds IRS Real Time Payments Blocks

IRS Launches ‘Get My Payment’ Site To Track COVID-19 Stimulus Payments

PYMNTS

APRIL 15, 2020

The Internal Revenue Service (IRS) launched a “ Get My Payment ” tool Wednesday (April 15) to track payments of the coronavirus relief money included in a federal economic stimulus bill. The IRS is committed to helping you get your Economic Impact Payment as soon as possible,” the agency said in a statement. There are limits.

IRS

IRS Tax Refunds Payments Returns

Despite Gov’t Shutdown, Tax Refunds Will Be Paid

PYMNTS

JANUARY 8, 2019

government shutdown continues, a Trump official has promised that tax refunds will go out on schedule. Tax refunds will go out,” the acting director of the White House Office of Management and Budget, Russell Vought, told reporters on Monday (January 7), according to Bloomberg. While the U.S.

Tax Refunds

Tax Refunds Shutdown IRS Direct Deposit

Payments Space

IRS Sends Refund Interest Checks To 13.9 Million Taxpayers

5 Ways to Protect Yourself Against Tax Refund Fraud

IRS Corporate Audits Drop 71 Pct, Individual Audits Fall 65 Pct

Webinars

Credit Karma To Advance Tax Refunds For Free

NRF Survey: Tax Payers Not Spending Refunds

Hacker Tracker: The Evolving Threat Of Tax Fraud

Tax Time Tardiness And The Faster Refund

Here’s How Your Tax Day Stacks Up

How Smarter Payment Tools Make Filing Taxes Less Taxing

Why Millennial SMB Owners Need Faster Tax Disbursements

The Guide to W-2 Form Automation

Data Dive: The Yes, No, Gotcha! Edition

State And Local Governments Wrestle With Faster Payments

It’s Tax Day, But Paper Filers Might Not See Their Refunds Until 2021

Will COVID And Fraud Finally Kill The Paper Check?

Death And Taxes: One Is Becoming Much More Digital

IRS Launches ‘Get My Payment’ Site To Track COVID-19 Stimulus Payments

Despite Gov’t Shutdown, Tax Refunds Will Be Paid

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