Tag : Internal Revenue Service

MSBA Raises Concerns on Compliance Burdens for Money Transfer Providers
Compliance management Digital Payments News

MSBA Raises Concerns on Compliance Burdens for Money Transfer Providers

EIN Presswire
by EIN Presswire0
MSBA Calls on IRS to Improve Proposed Remittance Tax Rules The Money Services Business Association (MSBA) announced today that it has submitted a formal comment letter to the U.S. Department of the Treasury and the Internal Revenue Service (IRS) regarding proposed regulations implementing the federal excise tax on remittance transfers under......
Permira Agrees to Make Strategic Investment in Motus
Finance Fintech Investments News

Permira Agrees to Make Strategic Investment in Motus

Fintech News Desk
by Fintech News Desk0
Permira to leverage strong track record in software investing to drive growth at scale at Motus Existing investor Thoma Bravo expected to reinvest in Motus as part of the transaction Permira, the global private equity firm which backs leading, scaling, tech-enabled businesses, announced that it has signed an agreement with......
Nacha Commends IRS for Sending 430,000 Child Tax Credit Payments by Same Day ACH
Digital Payments News

Nacha Commends IRS for Sending 430,000 Child Tax Credit Payments by Same Day ACH

Fintech News Desk
by Fintech News Desk0
The U.S. Internal Revenue Service (IRS) sent over 430,000 Advance Child Tax Credit (ACTC) payments by Same Day ACH to quickly and securely reach the majority of families that had received ACTC payments in July and August but didn’t receive their September payments. “We commend the IRS for turning to......
Mastercard Working with Liberty Tax to Provide Access to Economic Impact Payments and Tax Return Funds
Digital Payments Fintech News

Mastercard Working with Liberty Tax to Provide Access to Economic Impact Payments and Tax Return Funds

Fintech News Desk
by Fintech News Desk0
With the Netspend® Liberty Tax® Prepaid Mastercard®, eligible Americans can receive quick and secure access to their stimulus and tax return payments As Americans in need begin receiving Economic Impact Payments (EIP) via the U.S. Department of Treasury and Internal Revenue Service (IRS), Mastercard is working with Liberty Tax to......
Fintech News

With a Lengthy Tax Filing Season Over, Let’s Focus on Other Developments in Federal Income Taxes

Fintech News Desk
by Fintech News Desk0
Wolters Kluwer Tax & Accounting provides a 2020 Post-Filing Season Tax Update Wolters Kluwer Tax & Accounting today announced the publication of its “2020 Post-Filing Season Update,” available as a complimentary download through the award-winning CCH® AnswerConnect online research platform. The briefing highlights key developments during the filing season that will impact taxpayers of all......
MEDIA ALERT: Tax Implications of New Employee Options for Employer Health Plans and Flexible Spending Accounts Announced by the IRS in Response to Covid-19
Fintech News

MEDIA ALERT: Tax Implications of New Employee Options for Employer Health Plans and Flexible Spending Accounts Announced by the IRS in Response to Covid-19

Fintech News Desk
by Fintech News Desk0
Wolters Kluwer Tax & Accounting: What: With many employees furloughed or on reduced hours due to the Covid-19 pandemic, the Internal Revenue Service (IRS) has announced new options for employees to make mid-year employer health plan elections and flexible spending accounts elections and extend the grace period for flexible spending accounts......
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