taxes

A tax is a compulsory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund various public expenditures. A failure to pay, along with evasion of or resistance to taxation, is punishable by law.

Source: en.wikipedia.org

FTX and IRS Battle Over $24 Billion Tax Claim
FTX and IRS Battle Over $24 Billion Tax Claim
December 12, 2023  |  Cryptocurrency

FTX Trading is reportedly currently locked in a legal dispute with the Internal Revenue Service (IRS) over a $24 billion tax claim. The outcome of...

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Tax Reporting Season Updates and Digital IDs Present Challenges for Businesses
Tax Reporting Season Updates and Digital IDs Present Challenges for Businesses
December 12, 2023  |  Taxes

Wendy Walker, solution principal at Sovos, said changes to IRS reporting that help identify firms may catch some businesses unaware.  As Walker illustrated in a...

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Intuit Adds Generative AI-Powered Tax Prep to TurboTax
Intuit Adds Generative AI-Powered Tax Prep to TurboTax
November 27, 2023  |  artificial intelligence

Intuit says the latest version of its TurboTax tool will embrace artificial intelligence. The new version of TurboTax Live Full Service, set to launch Thursday (Nov. 30),...

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IRS Delays Implementation of Lower Threshold for 1099-K Reporting
IRS Delays Implementation of Lower Threshold for 1099-K Reporting
November 21, 2023  |  Taxes

The Internal Revenue Service (IRS) has delayed the implementation of the new $600 Form 1099-K reporting threshold for third party settlement organizations (TPSOs), which include payment apps and online marketplaces, for...

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1099-K Reporting Changes Shift Burden of Tax Compliance to Platforms
1099-K Reporting Changes Shift Burden of Tax Compliance to Platforms
November 21, 2023  |  Taxes

Changes in tax reporting loom on the horizon — though recently were delayed a bit — as more commerce moves online. Wendy Walker, solutions principal...

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Ryan Unveils Platform to Simplify Global Business Tax Payments
Ryan Unveils Platform to Simplify Global Business Tax Payments
November 15, 2023  |  Taxes

Ryan, a global tax services and software provider, has unveiled a platform that aims to revolutionize the global business tax payment process. Developed in partnership...

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Black Ore Raises $60 Million and Debuts AI Tool for Accountants
Black Ore Raises $60 Million and Debuts AI Tool for Accountants
November 07, 2023  |  Investments

Artificial intelligence (AI) startup Black Ore emerged from stealth after raising $60 million. The company, founded by FinTech entrepreneurs Eyal Shinar and Pavel Kapovski, rolled...

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Vlorish Launches All-in-One Finance Platform for Freelancers
Vlorish Launches All-in-One Finance Platform for Freelancers
October 06, 2023  |  Gig Economy

FinTech startup Vlorish launched its freelancer finance platform, aiming to simplify bookkeeping, budgeting and credit scoring models for the freelance market. The all-in-one web platform...

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Intuit Debuts AI-Powered Small Business Financial Assistant
Intuit Debuts AI-Powered Small Business Financial Assistant
September 06, 2023  |  Artificial Intelligence

Intuit is using generative artificial intelligence (AI) to help small businesses make decisions. The company, owner of TurboTax, Credit Karma and Quickbooks, debuted Intuit Assist, an AI-powered tool for its small...

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