article thumbnail

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 company recently announced a partnership with the Alabama Department of Revenue (ADR). Magee, commissioner of the ADR.

Alabama 101
article thumbnail

What Wayfair’s Lawyer Says About The Wayfair v. South Dakota Decision

PYMNTS

Wayfair ruling allowed counties, states and municipalities to pass laws to tax out-of-state sellers and the eCommerce marketplaces that serve them, but the ruling did not disclose specifications on what such laws must look like. Governments and businesses have recently been fighting in court over disputes regarding remote seller tax policies.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Can South Dakota Move The Needle On A Federal Online Sales Tax?

PYMNTS

This is proving particularly true for more and more cash-strapped states that have spent years staring at soaring traffic for online retailers but little — if any — increases in the taxes reaped from this digital, transcontinental economy. Fields, chair of Morrison & Foerster LLP’s state and local tax group, told Bloomberg BNA.

article thumbnail

ERC for Banks – Told You Are Not Eligible? Find Out

South State Correspondent

We work with well-known national CPA firms that specialize in working with banks specifically to claim their ERC tax rebate. The average tax rebate is approximately $1.5 Due to varying government mandates, some of the more successful states include Alabama, California, Georgia, New Jersey, New York, and Texas.

Georgia 195
article thumbnail

Fizzle Of The Week: The Cannabis Payments Conundrum

PYMNTS

states (and the District of Columbia) where marijuana has been legalized for sale in some capacity, it has thrown off a fairly large chunk of tax revenue in the last year. billion in taxes from legal cannabis companies last year, an amount of money that is undoubtedly a sizzle for the federal coffers.

Taxes 177
article thumbnail

Experts: US House Examines Legislative Actions To Combat Cybercriminals

PYMNTS

Additionally, Kellerman called for a tax credit to encourage firms in the financial vertical to set aside 10 percent of their information technology (IT) budgets at a minimum toward cybersecurity.

US 227
article thumbnail

Loan Company Employee Got $400K From Stolen Identities

PYMNTS

A loan company employee has pleaded guilty to stealing identities of several customers and fraudulently seeking $400,000 in tax returns. The government alleges that the two co-conspirators worked together to get away with the tax returns.

Company 100