Technology

The Internal Revenue Service has implemented a new verification process for taxpayers who want to access their online tax accounts and self-help tools that includes taking a selfie and submitting a photo of their driver’s license or passport to a third-party service, ID.me.

More mortgage; a different kind of co-pay; no prize inside; and other highlights of recent tax cases.

Archaic and outdated ways of managing information are hindering firms’ ability to navigate disruptions, curb competition and innovate.

Bumps ahead; Airbnb risks; the case for the CTC; and other highlights from our favorite tax bloggers.

Performers from shows like “The Sopranos” and “The West Wing” were hired by software company DataRails to narrate examples of real-life problems with financial planning and analysis.

Chargebee has acquired Brighback; and GTreasury has bought Hedge Trackers.

The company uses natural language processing and human-assisted AI, along with partnerships with financial institutions, to streamline the tax preparation process and more closely align it with financial wellness.

The Internal Revenue Service made its Free File program available on Friday, allowing taxpayers who earn less than $73,000 in adjusted gross income to start preparing and filing their tax returns for free.

The tax prep chain is looking to compete in the online tax prep space against H&R Block and Intuit.

Dysfunctional and manual financial reporting processes are expected to cost U.S. businesses $7.8 billion this year, according to a new report.