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Top related persons:
” Rajeev Sharma - 1 ” - 1 Jerome Powell - 1 Patrick Harker - 1 “ - 1 Raphael Bostic - 1 there’s - 1 Michelle Bowman - 1
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Kansas Fresno Washington Jackson Hole , Wyoming Atlanta
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Internal Revenue - 2 Tax Administration - 2 IRS - 2 Kansas City Tax Processing - 2 Fresno Tax Processing - 2 CNN Business - 1 Bell - 1 DC CNN — Federal Reserve - 1

Search resuls for: "Kansas City Tax Processing"


2 mentions found


☆ Fed officials are divided, but holding rates steady in September seems likely
  + stars: | 2023-08-13 | by ( Bryan Mena | ) edition.cnn.com   time to read: +6 min
Washington, DC CNN —Federal Reserve officials meet next month to determine whether to raise interest rates for the 12th time to cool the economy or hold them steady. Some officials think the Fed has already raised its benchmark lending rate enough to curb inflation, but others think it’s too soon to tap the brakes. Philadelphia Fed President Patrick Harker echoed that sentiment in a speech last week, saying “I believe we may be at the point where we can be patient and hold rates steady.”Other Fed officials agree. “Inflation is still significantly above” the Fed’s 2% target, Fed governor Michelle Bowman said last week at an event in Atlanta. The Federal Reserve releases minutes from its July policymaking meeting as well as July figures on industrial production.
Persons: ” Rajeev Sharma, ”, Jerome Powell, Patrick Harker, “, Raphael Bostic, there’s, Michelle Bowman, ” Carol Schleif, ” Schleif, Katie Lobosco, Brinker Organizations: CNN Business, Bell, DC CNN — Federal Reserve, Key Private Bank, CNN, “, Fed, Financial, Philadelphia Fed, Atlanta Fed, BMO Family Office, Internal Revenue, Tax Administration, IRS, Kansas City Tax Processing, Fresno Tax Processing, China’s National Bureau of Statistics, Depot, US Commerce Department, Target, Federal Reserve, Walmart Locations: Washington, Jackson Hole , Wyoming, Atlanta, Kansas, Fresno
☆ IRS cannot find millions of backup tax records, watchdog says
  + stars: | 2023-08-11 | by ( Katie Lobosco | ) edition.cnn.com   time to read: +3 min
Washington CNN —The Internal Revenue Service cannot locate thousands of microfilm cartridges storing millions of sensitive business and individual tax account records, a new watchdog report found. The tax information could be used to commit tax refund fraud, according to the Treasury Inspector General for Tax Administration, the office that conducted the report. During a site visit, the IRS was unable to locate any of the fiscal year 2010 microfilm cartridges that should have been sent to the Kansas City Tax Processing Center in 2022 after the Fresno Tax Processing Center closed. Separately, at the Ogden Tax Processing Center, IRS personnel were unaware of the current location of as many as 168 cartridges that had been sent out for reformatting, the report said. The IRS is also digitizing all paper-filed tax returns by 2025, which is expected to cut processing times in half and speed up refunds by four weeks, the agency said last week.
Persons: Ken Corbin, Biden Organizations: Washington CNN, Internal Revenue, Tax Administration, IRS, Kansas City Tax Processing, Fresno Tax Processing, Ogden Tax Processing Center, Democrats, Republicans Locations: Kansas, Fresno
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