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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

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

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JANUARY 11, 2021

There were around 13 million defunct accounts that accidentally received stimulus check payments by the IRS , which the agency is now attempting to get to their right places, according to The New York Times on Sunday (Jan. The tax-prep companies say they're working to help the IRS resolve the issue.

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IRS Accounts Checks Payments 64

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

Direct Deposit 64

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

MAY 7, 2020

Any $1,200 COVID-19 stimulus checks sent to dead people by the Internal Revenue Service (IRS) must be returned, the agency says. However, the erroneous payments to dead people may have come about because the IRS largely sent out payments based on people’s tax returns for 2018 and 2019.

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IRS Checks Direct Deposit Returns 64

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 Digital Currency Money Laundering 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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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 Privacy Law Enforcement 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

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

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

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

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 Rules 80

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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

SEPTEMBER 21, 2020

The GAO did note that the Internal Revenue Service (IRS) implemented several recommendations to make sure people got the payments, including extended deadlines for those who hadn’t filed an income tax return until Sept. However, the GAO still said the IRS had to update the information on how many people hadn’t seen their money yet.

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Checks IRS Returns Government 91

Payments Source

MAY 1, 2020

There is a need and opportunity here to rebuild the aging, legacy infrastructure in payments, at the IRS, and within the banking system. It is not a technology problem. It is an opportunity, says payments consultant Collin Canright.

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Payments Source

NOVEMBER 10, 2017

Coinbase Inc. customers who haven’t reported their cryptocurrency gains to the Internal Revenue Service, beware.

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IRS Blocks Cryptocurrency Compliance 81

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 64

IRS Blockchain Cryptocurrency RFP 64

PYMNTS

AUGUST 4, 2020

The IRS has reportedly gotten much of the money back, putting out instructions for those who received checks for dead family members on how to return it. And it turns out that sending checks to dead people isn’t the government’s only worry; the whole process is a creating a health risk at the IRS. Case in point are the roughly $1.4

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Checks IRS Tax Refunds Returns 97

PYMNTS

MAY 6, 2020

This will help on two levels, both enabling easier access to money for these citizens as well as allowing the IRS — the agency responsible for these payments — to find their records with more ease. The IRS itself has also crafted a tool of its own for underbanked consumers called Get My Payment, which enables stimulus check tracking.

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IRS Checks Blocks Government 88

PYMNTS

OCTOBER 9, 2019

And the IRS has released new guidance for digital currency investors and their tax advisers, explaining how the agency expects them to report income from their holdings. There is certainly some interest coming out of Latin America, there’s a lot of unrest in other parts of the world.”.

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IRS Bitcoin Rules Central Bank 46

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.

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IRS Payroll Small Business Returns 70

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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