internal revenue service

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: en.wikipedia.org

IRS Delays Requirement to Report Certain Transactions Involving Digital Assets

IRS Delays Requirement to Report Certain Transactions Involving Digital Assets
IRS Delays Requirement to Report Certain Transactions Involving Digital Assets
January 17, 2024  |  Taxes

Businesses do not have to report certain transactions involving digital assets until the Treasury Department and the Internal Revenue Service (IRS) issue regulations. Get the...

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IRS Rule Delay Means P2P, Gig Economy Platform Volumes Will Surge
IRS Rule Delay Means P2P, Gig Economy Platform Volumes Will Surge
January 11, 2023  |  Gig Economy

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

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IRS Says US Unemployment Comp Hit $405B During Pandemic
IRS Says US Unemployment Comp Hit $405B During Pandemic
November 20, 2022  |  Economy

Unemployment compensation in the U.S. jumped by 1,794% between 2019 and 2020 as Americans were hit by a wave of layoffs during the COVID-19 pandemic....

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Zelle Says Its Service ‘Not Subject’ to IRS Reporting
Zelle Says Its Service ‘Not Subject’ to IRS Reporting
November 07, 2022  |  Taxes

Gig workers and small business owners are reportedly using the payment service Zelle to avoid declaring taxable earnings to the IRS.  Get the Full Story...

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Report: ‘Human Coding Error’ Caused IRS Posting of Confidential Data 
Report: ‘Human Coding Error’ Caused IRS Posting of Confidential Data 
September 02, 2022  |  Safety and Security

Names, contact information and some financial information of about 120,000 people was reportedly posted in error by the Internal Revenue Service (IRS) on its website....

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Americans Earning More Interest on Late Tax Refunds
Americans Earning More Interest on Late Tax Refunds
May 09, 2022  |  Taxes

The Internal Revenue Service is set to pay billions in interest to tax filers as it struggles to process tax refunds. Get the Full Story...

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Report: IRS Investigates Amex Pitches to Businesses
Report: IRS Investigates Amex Pitches to Businesses
April 15, 2022  |  Taxes

The federal Internal Revenue Service is investigating whether American Express sales staff gave faulty tax guidance to potential customers in an effort to sell them...

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Taxing Problem: H&R Block Supports Consumer Need For Digital Disbursements
Taxing Problem: H&R Block Supports Consumer Need For Digital Disbursements
March 02, 2021  |  Disbursements

It has been a year since the pandemic’s arrival prompted widespread changes to how consumers, merchants, payment providers and financial institutions (FIs) interact and move...

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IRS: Stimulus Card Isn’t Junk Mail
IRS: Stimulus Card Isn’t Junk Mail
May 28, 2020  |  Consumer Finance

The Internal Revenue Service (IRS) wants to make sure you don’t throw out your prepaid $1,200 government stimulus debit card. Get the Full Story Complete...

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