PYMNTS

APRIL 27, 2020

Nothing brings money to top of mind like tax season — and tax refunds and stimulus payments , doled out in the wake of a pandemic known as the coronavirus. The trillions of dollars in stimulus funding and tax refunds being extended to families, individuals and businesses is coming — but slowly. Tax refunds?

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PYMNTS

APRIL 21, 2020

Plus, the IRS has shelved processing tax refunds to make room for sending stimulus payments. IRS Puts Tax Refunds In Storage As It Works On Stimulus Checks. Public Businesses Reap PPP Relief Of $300M. Grab has said it is trying to offset the loss of ride-hailing business with its food delivery service.

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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.

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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. It’s About More Than Taxes.

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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.

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IRS Phishing Tax Refunds Returns 57

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).

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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

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Payments Tools Tax Refunds Direct Deposit Blocks 40

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.

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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.

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PYMNTS

MARCH 16, 2017

Eugenio Aleman, senior economist at Wells Fargo Securities LLC in Charlotte, North Carolina, told Bloomberg that one of the reasons February sales growth was relatively weak was due to the delay of tax refunds. The refund delay likely only accounted for a small part of the consumer spending slowdown.

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IRS Tax Refunds Adjustments Consumer 40

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.

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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?

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Automation IRS Social Security Returns 52

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. Roughly 10 percent of U.S.

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Checks IRS Tax Refunds Returns 97

PYMNTS

JULY 15, 2020

But as it turns out, taxpayers won’t be the only ones scrambling to deal with taxes in a timely manner this year. According to NPR , the Internal Revenue Service (IRS) has a tough road ahead as it attempts to process returns amid worsening pandemic conditions. The IRS has since brought back larger and larger shares of its workforce.

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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.

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PYMNTS

DECEMBER 18, 2020

[There are] more than 50 million government checks still issued annually, [so] some of the biggest use cases with the largest need for modern payments would likely include IRS tax refunds, VA benefits and FEMA payments, in addition to ad-hoc stimulus relief,” Edwards said.

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Instant Payments Tax Refunds Non-Bank Governance 60

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.

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IRS Tax Refunds Payments Returns 92

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.

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PYMNTS

DECEMBER 28, 2020

As a result, FEMA payments, VA benefits and IRS tax refunds in addition to ad-hoc stimulus relief would be among the largest use cases with the biggest need for modern payments. Edwards noted that over 50 million government checks are still issued each year.

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