PYMNTS

APRIL 10, 2020

A new IRS portal for coronavirus relief payments has been launched in conjunction with the U.S. citizens and resident aliens who are not claimed as dependents and had gross income below $12,200 ($24,400 for married couples) in 2019, according to the IRS site. Users must also have a valid Social Security number. .

IRS

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).

IRS

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.

IRS

PYMNTS

APRIL 27, 2020

The key groups who will receive these payments include people who aren’t required to file tax returns, such as those who receive Social Security, Supplemental Security Income (SSI) and veterans’ affairs benefits. In addition, tax filers who have recently provided bank information to the IRS will get the payments.

IRS

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

IRS

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.

IRS

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

Direct Deposit

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). Most Social Security recipients get their benefits through direct deposit, according to the congressional committee’s announcement.

IRS

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. To manage your business finances well, ,, make a tax calendar. from employees and 6.2%

IRS

Payments Source

MARCH 10, 2016

For financial institutions, there are scary parallels between the IRS' failure to protect sensitive personal information and their own such struggles.

IRS

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.

IRS

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.

IRS

PYMNTS

APRIL 18, 2016

A Republican lawmaker is calling for IRS Commissioner John Koskinen to step down. Barbara Comstock (R-VA) is putting pressure on the head of the IRS to resign due to the agency’s lack of improvement concerning the protection of taxpayer data, The New York Times reported late last week.

IRS

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

IRS

PYMNTS

APRIL 7, 2016

In a statement that accompanied the release, Carolyn Homberger, group president of ACI Worldwide, said: “Our bill payment solution is quick, easy, reliable and secure, which is why OfficialPayments.com is the longest-tenured bill payment site for the IRS, having processed $14 billion in IRS tax payments since 1999.

IRS

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. Among the items it may not request are passwords and security settings for the accounts, noted the report.

IRS

Evolve Payment

JANUARY 14, 2025

We discuss best security practices, card payment processing options to achieve the lowest processing rate, and integrations with multiple technologies in hopes that they cooperate, such as e-commerce websites, accounting systems, and ERP systems. Technology has transformed electronic payment acceptance in more ways than one.

Process

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.

IRS

PYMNTS

MAY 1, 2020

Small businesses fortunate enough to get their Paycheck Protection Program (PPP) loans forgiven will forfeit some tax breaks, according to new rules from the Internal Revenue Service (IRS). . This conclusion is consistent with prior guidance of the IRS.”. This treatment prevents a double tax benefit,” the agency said in the notice.

IRS

PYMNTS

DECEMBER 17, 2020

The IRS and a coalition of state tax agencies and tax industry officials are warning individuals that fraudulent text messages are circulating promising people a way to access their $1,200 direct deposit with a link to “complete the last step to finalize the transaction.” The “stimulus” scams are already out there, reports NBC News.

Scams

PYMNTS

MARCH 26, 2020

As reported, those Americans with direct deposit account information stored with the Internal Revenue Service (IRS) — the conduit through which they get refunds — will get those payments within a few weeks after legislation is finalized and signed. The Security Aspect. That’s about 70 million Americans. It’s a sizable chunk of the U.S.

Checks

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

Checks

PYMNTS

JUNE 8, 2020

The Securities & Exchange Commission ( SEC ) has moved to freeze the assets of a $12 million cryptocurrency mining and multi-level marketing (MLM) scheme, Coindesk reports. Drug Enforcement Association (DEA) and Internal Revenue Service (IRS) looking to buy the license, according to documents seen by The Block.

IRS

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.

Tax Scams

Payments Source

MAY 16, 2017

The risky side of bots played a role in last year's IRS hack. But non-data driven security fight back, argues Robert Capps, a vice president at NuData.

Bots

Payments Source

FEBRUARY 4, 2020

Instead of a live caller engaging in social engineering with a single prospective target, automatic dialers call thousands of people, instructing them to call bogus telephone numbers purported to belong to the IRS, Social Security Administration, or their bank, says The Santa Fe Group's Bob Jones.

IRS

PYMNTS

OCTOBER 14, 2019

In other news, the Marco Polo Network has announced that it has secured its first Russian-German import-export operations financing project. The Internal Revenue Service (IRS) now has a question on crypto ownership on its 1040 income tax form.

IRS

PYMNTS

MARCH 14, 2016

Hence the revelation by the Online Trust Alliance (OTA) that almost half of 13 “free” E-File tax sites recommended by the IRS fail OTA’s rigorous security testing. One actually also failed by the IRS’ less stringent requirements. Bonus points could be won, and notable flaws caused deductions.

IRS

PYMNTS

APRIL 27, 2020

But it will take weeks for all monies to get to everyone, a timeframe that will likely be pushed as paper checks get sent through the mail to the millions of recipients who don’t have direct deposit set up with the IRS. A significant percentage are being put on hold as the IRS grapples with tackling stimulus payments first.

Blockchain

PYMNTS

NOVEMBER 16, 2018

There’s just one, small, fizzly problem for the IRS. Hence the IRS and its five tons of cash to process. Or, if reports are correct, the IRS has actually outsourced that process to a Virginia company for $1.7 How exactly it helps the IRS count and manage all that cash is something of a mystery.

IRS

PYMNTS

JANUARY 12, 2021

They know addresses, Social Security numbers, names, earnings, dates of birth and more. Right now, the IRS has everything it needs, except for one big, important thing: the ability to electronically engage a citizen safely, asking how she wants her money.”. It’s not that the government lacks information about citizens.

Governance

PYMNTS

JUNE 16, 2020

But Kellerman and other security experts advocated at the hearing for legislative measures, such as modernizing anti-money laundering (AML) and forfeiture rules and moving the Secret Service to the Treasury Department, to help combat the threat.

Cybersecurity

PYMNTS

SEPTEMBER 16, 2019

In layman’s terms, an EIN is like a business’ Social Security number; the Internal Revenue Service (IRS) uses it to help identify businesses when it comes to tax issues. The platform guides a business through each step of the application process, including filling out an IRS form SS-4, in a conversational and user-friendly manner.

IRS

FICO

JULY 7, 2020

Beware of people claiming to be part of reputable organizations, like research firms or government agencies, asking you for personal information like bank card numbers or your Social Security number. Fake Profiles. Quid pro quo scams offer a benefit to the victim in exchange for information.

Scams

PYMNTS

APRIL 24, 2020

BleepingComputer.com reports that the Coronavirus Aid, Relief and Economic Security (CARES) Act has triggered the latest round of scams. . The COVID-19 pandemic, like other disasters, has created a playground for cybercriminals.

Phishing

PYMNTS

APRIL 17, 2020

IRS Has Rocky Start With Stimulus Funds As Money Misrouted. The Internal Revenue Service (IRS) is having a difficult time getting coronavirus stimulus money to those who need it the most, with misrouted funds and error messages on the Get My Payment tool. IRS Launches ‘Get My Payment’ Site To Track COVID-19 Stimulus Payments.

Cross-Border

Fintech Finance

MARCH 27, 2024

This has nationwide economic implications given the IRS reports 26-to-34-year-olds file more taxes than any other group. independent professional tax preparers or the IRS website. These behaviors reflect growing mistrust of professional tax institutions and a generational shift toward personal networks and digital payment platforms.

IRS