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 69

Audit IRS Tax Refunds Returns 69

PYMNTS

JANUARY 11, 2019

11) came and went and government workers affected by the 21-day shutdown didn’t receive paychecks, U.S. Federal workers not receiving paychecks run the gamut from IRS workers to Secret Service agents, and number about 800,000. A longer shutdown is something we haven’t had,” he said. “If As Friday (Jan. On Thursday (Jan.

Shutdown 55

Shutdown Office of the Comptroller of the Currency Federal Reserve Regulations 55

PYMNTS

JUNE 24, 2020

The United States economy is steadily reemerging from the COVID-19 pandemic-induced shutdown. However, the IRS had trouble distributing checks to millions of people because it lacked current address or banking information for many of them. After a problematic start, PPP is now benefiting a majority of U.S.

Payroll 94

Payroll Checks IRS Shutdown 94

PYMNTS

JANUARY 10, 2019

According to various estimates, it can take three to four weeks to get a tax refund from the IRS, while Americans who take the Earned Income Tax Credit or the Additional Child Tax Credit won’t get their refunds until Feb. According to the IRS, filers are already a mostly digital bunch. Rise of Quicker Payments.

Tax Refunds 48

Tax Refunds IRS Real Time Payments Blocks 48

PYMNTS

AUGUST 4, 2020

The letter says the intent of the PPP had been to provide SMBs with deductible loans, but recent IRS guidance has proved that SMBs could have to suffer unexpected taxes at a time when many are struggling. In addition, the letter calls for more protections from surprise PPP taxes.

IRS 60

IRS Shutdown Agreements Rules 60

PYMNTS

JANUARY 8, 2019

government shutdown continues, a Trump official has promised that tax refunds will go out on schedule. With past shutdowns the IRS would accept tax returns but delay refunds until a shutdown was over, but Vought said the administration is fixing that issue. While the U.S.

Tax Refunds 49

Tax Refunds Shutdown IRS Direct Deposit 49