IRS

The Internal Revenue Service is the revenue service of the United States federal government. The government agency is a bureau of the Department of the Treasury, and is under the immediate direction of the Commissioner of Internal Revenue, who is appointed to a five-year term by the President of the United States.

Source: irs.gov

Law Curbs IRS’s Power To Raid SMB Bank Accounts

Law Curbs IRS’s Power To Raid SMB Bank Accounts
Law Curbs IRS’s Power To Raid SMB Bank Accounts
July 11, 2019  |  B2B Payments

The Internal Revenue Service will have less power to raid small business bank accounts as the result of new legislation signed into law by President...

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More Corporate Tax Reform Ahead To Combat Global Tax-Dodging
More Corporate Tax Reform Ahead To Combat Global Tax-Dodging
June 03, 2019  |  B2B Payments

Corporate taxes have traveled to the top of organizations’ biggest areas of focus in recent years, largely as a result of U.S. tax reform efforts...

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Lawmakers Want FTC To Investigate H&R Block, TurboTax
Lawmakers Want FTC To Investigate H&R Block, TurboTax
May 05, 2019  |  Taxes

H&R Block and Intuit, the maker of TurboTax software, are facing calls from lawmakers for the Internal Revenue Service to cancel agreements with the companies...

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Medical Equipment Cos Charged In $1.2B Healthcare Fraud
Medical Equipment Cos Charged In $1.2B Healthcare Fraud
April 10, 2019  |  Security & Fraud

U.S. authorities announced that they have charged a number of individuals in connection with one of the biggest healthcare frauds ever prosecuted in the nation....

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It’s Tax Season — And Fraudsters Are Feasting
It’s Tax Season — And Fraudsters Are Feasting
March 11, 2019  |  Security & Fraud

One of the positive (or at least most promising) projects in the push toward more digital forms of payment and commerce concerns taxes — specifically, bringing...

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Getting Past ‘Standard’ To ‘Fair’: Tech Brings Efficiency To Mileage Reimbursements
Getting Past ‘Standard’ To ‘Fair’: Tech Brings Efficiency To Mileage Reimbursements
February 21, 2019  |  Disbursements

Everyone knows the ritual, one that combines solid numbers and a sense of hope: the reimbursement of mileage driven by workers in service of their...

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AICPA Wants To Exclude Some SMB Tax Shelters
AICPA Wants To Exclude Some SMB Tax Shelters
February 18, 2019  |  B2B Payments

The American Institute of CPAs (AICPA) has asked the Internal Revenue Service (IRS) to exclude some small businesses (SMBs) from being treated as tax shelters....

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Small Business Accountants Lacking Clarity This Tax Season
Small Business Accountants Lacking Clarity This Tax Season
January 11, 2019  |  B2B Payments

Small businesses (SMBs) and their accountants are facing some uncertainties this tax season, with a lack of clarity on new tax laws presenting a challenge...

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Death And Taxes: One Is Becoming Much More Digital
Death And Taxes: One Is Becoming Much More Digital
January 10, 2019  |  Disbursements

After the holiday season comes tax season — everyone’s favorite time — but at least the payment of taxes, along with the tax refund process,...

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