The requirement for direct deposit information in tax returns stems from the implementation of Executive Order (EO) 14247, titled Modernizing Payments To and From America’s Bank Account. Signed by ...
In a move to make payments more efficient and to reduce the risk of fraud, the federal government is changing both how they receive taxpayers’ payments as well as how they make payments to others.
What do increased fraud, significant costs and operational inefficiencies all have in common? Paper checks, or, at least, those were the reasons cited when President Donald Trump issued an executive ...
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