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)

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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Despite Gov’t Shutdown, Tax Refunds Will Be Paid
Despite Gov’t Shutdown, Tax Refunds Will Be Paid
January 08, 2019  |  Politics

While the U.S. government shutdown continues, a Trump official has promised that tax refunds will go out on schedule. “Tax refunds will go out,” the...

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Motus On Mapping Mileage Reimbursement
Motus On Mapping Mileage Reimbursement
December 18, 2018  |  Regulation

Tax season looms. Firms would do well to examine the latest standard mileage rates published by the IRS — and more. Motus’ Chief Legal Officer steers...

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Cannabis Cos’ $4.7B In Cash-Based Taxes Overwhelm IRS
Cannabis Cos’ $4.7B In Cash-Based Taxes Overwhelm IRS
November 15, 2018  |  Taxes

The Internal Revenue Service (IRS) is paying $1.7 million to a Virginia company to handle “large cash payments for processing cannabis federal taxes.” According to Quartz,...

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Bitcoin Daily: US Reps Want IRS To Update Crypto Tax Guidance; Bitcoin Miners Face DDoS Vulnerability
Bitcoin Daily: US Reps Want IRS To Update Crypto Tax Guidance; Bitcoin Miners Face DDoS...
September 21, 2018  |  Bitcoin

The Australian Securities & Investments Commission (ASIC) is looking to clamp down on “misleading” initial coin offerings (ICOs), Reuters reported. And, while Reuters reported that...

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Hedging Bets, Hedging Taxes As Taxman Cometh For Cryptos   
Hedging Bets, Hedging Taxes As Taxman Cometh For Cryptos  
August 13, 2018  |  Investments

If the world of cryptocurrencies is relatively nascent, unformed, without a clear roadmap … guess what else is equally opaque? Tax policy. Specifically, as Fortune...

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