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Deep Dive: How Firms Can Avoid Costly Mistakes Come Tax Season

PYMNTS

businesses are likely already feeling tax season’s pressures. Filing is exhausting and complicated for individuals, and businesses experience those tax difficulties to a far greater degree. Such tools can automatically categorize necessary information from receipts and reports, significantly cutting down on the $26.63

Taxes 141
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Alabama Tests Selfie Authentication To Fight Tax Fraud

PYMNTS

Identity company MorphoTrust USA looks to put a dent in tax fraud and theft by adding an additional layer of authentication security into the mix. The app compares this information against the driver’s license database record. The company recently announced a partnership with the Alabama Department of Revenue (ADR).

Alabama 101
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5 ways to prevent tax fraud.

PopularBank

Tax season is quickly coming up — April 18 for most taxpayers (with an extension until October 15 if you need it). This means it’s also high season for scammers who may try to grab your personal information online to use not just at tax time, but at any time. Choose your tax preparer wisely.

Taxes 52
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TurboTax Rolls Out Free Tool For Faster Stimulus Payments

PYMNTS

Online tax preparation service TurboTax has announced that it is rolling out a free, stimulus registration solution to assist people who are not required to file a tax return. who are not required to file taxes, and some 80 percent are eligible for a stimulus check. There are roughly 10 million people in the U.S.

Tools 227
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IRS Launches ‘Get My Payment’ Site To Track COVID-19 Stimulus Payments

PYMNTS

No further action is needed by taxpayers who filed tax returns in 2018 and 2019 and most seniors and retirees.”. But it will allow taxpayers to provide their bank account information so they can receive it by direct deposit. The online platform is similar to the way taxpayers can track their federal tax refund.

Payments 230
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10 Commandments for a Financially Secure Future

BankBazaar

The 10 commandments that can help you part troubled financial waters so you can walk confidently into the ‘promised land’ – a financially secure future! While there’s no one-size-fits-all approach to building a financially secure future, there are certainly some best practices that can help. Thou shalt be financially literate.

Security 147
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For faster loan origination, stop doing this

Abrigo

Frustrating processes tied to credit requests and slow loan decisions are among borrowers’ biggest complaints about banks and credit unions compared to online or alternative lenders. Stop manual tax-data entry. The process is more convenient and more straightforward for loan applicants, so the request is ready for review more quickly.

Lending 221