PYMNTS

APRIL 22, 2020

All he could say is that the IRS will direct-deposit the money or mail checks through the spring and summer. IRS figures show that nearly 156 million Americans filed taxes last year, including about 89 percent (138 million) who filed electronically. The assistance was made possible by the $2.2 Some high earners don’t qualify.).

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PYMNTS

NOVEMBER 25, 2020

The Department of Justice is requiring Credit Karma to divest its tax business to Square as part of Intuit’s $7.1 25), Intuit and Credit Karma said they had received clearance from the Department of Justice (DOJ) for the merger, and had agreed for Credit Karma to sell its tax business to Square. On Wednesday (Nov.

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PYMNTS

MARCH 17, 2020

The federal tax filing deadline in 2020 has been waived in the wake of coronavirus disruptions. But come coronavirus or the Martian measles, taxes will be filed, and refunds issued. But come coronavirus or the Martian measles, taxes will be filed, and refunds issued. It’s unprecedented. Amazing development.

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BankBazaar

MARCH 14, 2024

The end of the financial year is the perfect time to review your financial situation and make strategic moves to optimise your money matters. With the end of the financial year fast approaching, now is the perfect time to review your financial situation and make strategic moves to optimise your money matters.

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PYMNTS

MARCH 12, 2020

The joys of tax season: complex paperwork, long wait times and check disbursements. Many United States consumers are still reliant on paper checks when it comes to receiving their tax refunds, which represents the largest sum of money many of them will receive at one point during the fiscal year.

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PYMNTS

FEBRUARY 14, 2020

A section of the IRS website telling people that the online currency from the popular game Fortnite was subject to federal taxes has been removed as of Wednesday (Feb.12). Fortnite’s V-bucks are purchased with real money. The IRS has stated that virtual currencies are treated as property for the purposes of people’s taxes.

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PYMNTS

MARCH 29, 2020

Though the money is planned to be distributed via direct deposit , that option may not be feasible for everyone. Erica York, an economist with the Tax Foundation, said there could be potential for experimental thinking outside the box when it comes to people who don’t have normal bank accounts.

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TheGuardian

OCTOBER 25, 2021

Bumper profits come as other sectors do not seem to be reaping the same benefits HSBC profits rise 74% as economy rebounds from Covid crisis UK banks have so far reported bumper profit rises in the third quarter, which they say reflects improving economic forecasts.

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PYMNTS

MARCH 13, 2020

Tax season frustrations can blossom into real financial problems, especially when refunds are paper checks sent through postal mail. Millennial business owners are also 14 percent more likely to struggle with money problems than those who are baby boomers. Proper tax education is critical to any business’s future, Daher said.

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PYMNTS

NOVEMBER 25, 2020

users by email that they have 14 days to shutter their accounts and take out all their money or have their accounts locked, Decrypt reported. The potential amendment to bring in the tax plan is intended to take effect in October of next year, but the legislative body is aiming to have the taxation timeframe begin in the first month of 2022.

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PYMNTS

APRIL 27, 2020

The key groups who will receive these payments include people who aren’t required to file tax returns, such as those who receive Social Security, Supplemental Security Income (SSI) and veterans’ affairs benefits. In addition, tax filers who have recently provided bank information to the IRS will get the payments.

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PYMNTS

JANUARY 8, 2021

as part of the second round of COVID-19 stimulus money. Eligible taxpayers who didn’t receive their payment will need to claim it on their 2020 tax returns, CNBC reported. Some residents are receiving messages that they can only get their checks after filing their 2020 tax returns.

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PYMNTS

MAY 6, 2020

Many companies are seeking to find ways to make disbursements easier for affected entities, including payment provider PayPal and instant disbursements firm Ingo Money. These companies have partnered to enable faster access to U.S. stimulus payments for citizens, many of whom are living paycheck-to-paycheck. About the Tracker.

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PYMNTS

JANUARY 26, 2021

Pilot will use the money to help boost its back-office services that remove distractions in order to help companies focus more on business, the release stated. And, Pilot helps SMBs get tax credits they might have missed out on, according to the release, including a research and development payroll credit that can go up to $250,000.

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PYMNTS

NOVEMBER 12, 2020

A tax for working at home? and other countries will need to step up and tax remote work, using the money to help workers in service sectors whose jobs are imperiled by the trend, the Deutsche Bank researchers argue. For years we have needed a tax on remote workers — covid has just made it obvious,” Templeman writes.

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Chris Skinner

JUNE 6, 2019

Things we’re reading today include … Did Deutsche Bank sweep possible money laundering by Trump under the rug?

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PYMNTS

MAY 1, 2020

Small businesses fortunate enough to get their Paycheck Protection Program (PPP) loans forgiven will forfeit some tax breaks, according to new rules from the Internal Revenue Service (IRS). . This treatment prevents a double tax benefit,” the agency said in the notice. This conclusion is consistent with prior guidance of the IRS.”.

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PYMNTS

FEBRUARY 27, 2019

27) recommending that the EU create a police unit dedicated to the investigation of tax and financial crimes, as well as a watchdog organization to fight money-laundering, according to a report by Reuters. The report is a response to some high-profile money laundering cases and alleged finance-related crimes in the region.

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PYMNTS

DECEMBER 29, 2020

Turkish prosecutors have issued a detention warrant for Turkish businessman Sezgin Baran Korkmaz, who has ties to Utah business executives who recently pleaded guilty to a $511 million tax credit scheme in the U.S., The Kingstons pleaded guilty in the tax credit scheme in the U.S., the Associated Press (AP) reported. There are also 2.3

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BankUnderground

MARCH 12, 2024

David Rule and Iain de Weymarn Technologies such as distributed ledgers create the possibility of new forms of digital money, whether privately-issued ‘stable coins’, tokenised commercial bank deposits, or central bank digital currencies. Authorities are considering a world where digital money circulates alongside existing forms of money.

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Ublocal

FEBRUARY 27, 2024

By matching specific investment strategies with your unique level of risk tolerance, tax considerations, and legacy goals, investment management can ensure that your estate not only withstands market fluctuations but also effectively fulfills your plans for how to distribute your wealth to your heirs and philanthropic causes.

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PYMNTS

SEPTEMBER 9, 2020

9) that it plans to mail letters to approximately nine million Americans who typically don’t file federal income tax returns and may be eligible for, but failed to claim, an economic impact payment. People who aren’t required to file a tax return can quickly register on IRS.gov and still get their money this year.”.

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PYMNTS

JULY 7, 2020

Seattle’s City Council passed a new tax for big businesses operating in the city, including Amazon , according to CNBC. The tax, called the JumpStart Seattle Tax, will target businesses with at least $7 million in annual revenue. Those businesses will be taxed 0.7 Those businesses will be taxed 0.7

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South State Correspondent

APRIL 4, 2024

The relationship between federal deficits and interest rates may depend on many complex factors, such as: whether tax rate changes, money supply changes, government spending changes, or political and economic stability worldwide accompany the deficits.

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PYMNTS

AUGUST 16, 2020

We’re a large multinational company with quite a lot of money, and we want to insure our people,” he told the news service. “We We want to be certain they do have benefits, that we do pay taxes on those workers.”. Employees, on the other hand, are entitled to benefits, such as vacation and holiday pay and healthcare.

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Bank Innovation

MARCH 23, 2017

investors is at its highest point since 2000, but most would still place any money from a (unlikely) tax cut right into the bank. While the majority of investors aren’t expecting a slash to their taxes, 47% of them would put the additional money towards improving their financial health, and only 8% […].

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PYMNTS

AUGUST 4, 2020

Consider the roughly 200 Rhode Islanders who recently received tax refund checks signed by Mickey Mouse and Walt Disney. The majority of the misprinted checks were sent to businesses receiving corporate tax refunds. She said opportunistic recipients had most likely already cashed the checks and spent the money. “I

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PYMNTS

JANUARY 20, 2021

And when it comes to rewarding employees with a holiday or other work anniversary reward, the last thing businesses need is to have their generosity become a tax headache. However, he added, the tax implications should not exceed the cost and purpose of the present. Awesome … My Fourth Water Bottle. Shortcuts and Backfires.

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BankBazaar

APRIL 11, 2021

Got a big tax refund? We all dread that time of the year when we have to file our Income Tax returns. All those calculations and figuring out which section of the Income Tax Act to claim refunds under can get pretty complicated, we admit. But think of the time when you get a sudden windfall as a sizeable tax refund.

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PYMNTS

NOVEMBER 8, 2018

billion euros for what it contends is helping wealthy people in the country evade taxes. According to a report in Reuters , UBS is facing accusations of laundering the proceeds of tax fraud and illegally going after clients in France. France isn’t the only country investigating allegations that the bank helps clients evade taxes.

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PYMNTS

DECEMBER 30, 2019

Wayfair Supreme Court decision continue to rattle online merchants, as three states (California, Louisiana and South Carolina) are now trying to collect eCommerce sales tax retroactively, as far back as five years. have moved to collect sales tax from remote sellers, and it’s just the beginning. To date 43 states and Washington, D.C.

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PYMNTS

DECEMBER 23, 2020

The case stems from an earlier order from CFPB based on finding that Discover had been misstating the minimum amounts due on billing statements along with tax info customers needed to help get federal income tax benefits. In addition, CFPB found that Discover had been engaging in illegal debt collection practices.

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TheGuardian

SEPTEMBER 6, 2021

Barclays and HSBC among banks booking money equivalent to 14% of annual profits in offshore entities Leading European banks are booking around €20bn (£17bn) a year – equivalent to 14% of their total profits – in tax havens, with Barclays, HSBC and NatWest Group among those enjoying the lowest tax rates, according to a new report.

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BankBazaar

JUNE 25, 2020

With job losses and pay cuts becoming par for the course amid the pandemic, many of us may not have enough money to fulfill our financial commitments. Additional Reading: 3 Toughest Money Management Questions During COVID-19 Crisis. Bucket 4: Tax-Saving Investments. This one consists of your tax-saving investments.

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TheGuardian

OCTOBER 31, 2023

Alfa Bank founder Alexey Kuzmichev was sanctioned by EU for ‘well-established ties’ to Vladimir Putin Police in France have detained the Russian tycoon Alexey Kuzmichev and raided two of his properties in connection with alleged tax evasion, money laundering and sanctions violations.

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The Paypers

JANUARY 17, 2024

US-based Varo Bank has announced that it offers free in-app tax service via Column Tax to save money for its American users.

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PYMNTS

JANUARY 15, 2019

Bitcoin investors took a massive hit in 2018 – and, according to personal finance company Credit Karma, most of them don’t realize they can write off the losses on their tax returns. According to a report in MarketWatch , citing Jagjit Chawla, general manager of tax at Credit Karma, U.S. investors lost $1.7

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