Tag: Taxes

IRS Backtracks On Sketchy Facial Recognition Plan Following Public Outcry | Mashable

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Activism, it turns out, still gets results. That’s the takeaway following a Monday morning announcement that the IRS intends to shift away from requiring Americans use a private facial-recognition service to verify their identities on the IRS website. The about face comes after sustained criticism from privacy experts, grassroots activists, and even elected officials. “This is big,” wrote Senator Ron Wyden Monday morning. “The IRS has notified my office it plans to transition away from using facial recognition verification, as I requested earlier today. While this transition may take time, the administration…

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The IRS Will Soon Make You Use Facial Recognition To Access Your Taxes Online | The Verge

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he Internal Revenue Service will require people who access and pay their taxes online to enroll in a third-party facial recognition company starting this summer (h/t Krebs on Security). Even those who have already registered on IRS.gov with a username and password will have to provide a government ID, a copy of a utility bill, and a selfie to ID.me, the Virginia-based identity verification company. You’ll take a video selfie with whatever webcam or mobile device you’re using to sign up, which seems likely to cause problems for people with…

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‘They Already Have All The Freaking Information’: Federal Government Announces Plan To File Some People’s Taxes For Them | National Post

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OTTAWA – The federal government wants the Canada Revenue Agency to start filing taxes for some Canadians, particularly those who are missing out on potentially crucial benefits. It was a short line in Wednesday’s throne speech that took all of eight seconds for Governor General Julie Payette to read, but the potential impact for some Canadians — particularly those who depend on certain benefits to make ends meet — was significant. “The Government will also work to introduce free, automatic tax filing for simple returns to ensure citizens receive the…

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Nearly A Million Canadian Bank Records Sent To IRS | CBC News

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The number of banking records the Canadian government is sharing with U.S. tax authorities under a controversial information-sharing deal has increased sharply, CBC News has learned. The Canada Revenue Agency sent 900,000 financial records belonging to Canadian residents to the Internal Revenue Service in September — nearly a third more than it sent the previous year. The records were for the 2018 tax year. It also has updated the number of records shared for the 2017 tax year to 700,000 from the 600,000 originally reported. Read full story here: Nearly A…

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1.6 Million Canadian Banking Records Shared With IRS | CBC News

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The Canadian government has shared more than 1.6 million Canadian banking records with the U.S. Internal Revenue Service since the start of a controversial information-sharing agreement in 2014, CBC News has learned. In 2016 and again in 2017, the Canada Revenue Agency provided the IRS with information on 600,000 Canadian bank accounts each year. That’s a sharp increase from the 300,000 records shared in 2015 and the 150,000 records shared in 2014, the year the sharing began. Read full story here: 1.6 Million Canadian Banking Records Shared With IRS |…

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PSA: File Your US Tax Return Before Scammers Steal Your Refund | TechCrunch

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You might have heard this story before. A scammer starts by spoofing an email pretending to be the chief executive of a company, angrily demanding that someone in accounting or human resources immediately sends over their employees’ W-2 forms “or there will be trouble!” The person doesn’t think twice, not wanting to get told off, and emails back the forms, which spell out exactly how much the employees’ earned and how much the company withheld from your wages in tax for the year. Read full story here: PSA: File Your US…

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Some Canadian Bank Record Information Being Sent Directly To IRS – Politics – CBC News

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Thousands of reports containing confidential Canadian banking information records have been sent directly to the U.S Internal Revenue Service, without the Canadian government’s knowledge. According to information obtained by CBC News under a U.S. Freedom of Information Act request, 31,574 such reports have been sent directly to Internal Revenue Service over the past two years under the U.S. Foreign Account Tax Compliance Act (FATCA). That is in addition to about 469,827 reports that the Canada Revenue Agency has transferred to the IRS under a Canada-U.S. agreement negotiated in the wake of the adoption…

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