Fintech PR
IBN Technologies Declares Support for Taxpayers Facing Increased Oversight in the 2025 US Tax Filing Season
MIAMI, Feb. 7, 2025 /PRNewswire/ — A record-breaking tax collection year in 2024 has prompted stricter oversight and enforcement measures in 2025, as authorities recovered a net total of $68.3 billion in unpaid taxes. With over $104.1 billion collected in outstanding tax assessments, financial accountability measures are being reinforced. In addition to these collections, penalties for late filings reached $25.6 billion, while delinquent submissions accounted for $2.8 billion in recovered funds. Authorities also processed 30,163 Offers in Compromise (OICs), with 12,711 approved, resulting in settlements totaling $214.5 million. The latest developments indicate an intensified compliance landscape that taxpayers must navigate in the 2025 US tax filing season.
Tax Deadline Approaching! To File Accurately & Save Big Click Here!
The shift towards increased oversight stems from the rising number of tax discrepancies and late submissions in previous years. Government agencies are implementing stricter auditing measures and utilizing artificial intelligence to track financial activity more effectively. Enhanced enforcement aims to curb tax evasion, ensuring individuals and businesses adhere to legal tax requirements. Financial analysts suggest that taxpayers must prepare for more detailed scrutiny, particularly concerning offshore accounts, high-income earners, and corporate tax filings.
Amid these changes, taxpayers are urged to meet filing deadlines, understand regulatory requirements, and engage in effective tax planning to mitigate risks. Late filings, reporting inconsistencies, and underpayments are likely to trigger audits and financial penalties. Officials have emphasized the increasing role of digital tools and automation in detecting tax discrepancies. Enhanced data analytics will be instrumental in identifying non-compliance and ensuring all taxpayers adhere to legal obligations.
To avoid penalties and safeguard financial standing, individuals and businesses are encouraged to file early and seek professional tax assistance. Expert guidance can help taxpayers navigate the U.S. tax system with greater accuracy and compliance. IBN Technologies’ professionals provide comprehensive support for tax preparation and assistance in streamlining the tax return submission process.
Ajay Mehta, CEO of IBN Technologies, stated, “The evolving tax landscape necessitates a more proactive approach from taxpayers. Leveraging expert services can significantly reduce the risk of errors and ensure timely compliance. With regulatory bodies adopting advanced tracking mechanisms, businesses must align their financial strategies with compliance requirements.”
Deadlines for the 2025 Tax Filing Season
As the 2025 tax season approaches, taxpayers must be aware of critical filing deadlines to avoid penalties and interest on unpaid taxes. Authorities have outlined the following key dates:
- April 15, 2025 – Deadline for individual tax returns (Form 1040) and corporate tax returns (Form 1120).
- March 17, 2025 – Deadline for partnerships (Form 1065) and S corporations (Form 1120S).
- June 17, 2025 – Deadline for U.S. citizens residing abroad to file without incurring penalties.
- October 15, 2025 – Extended deadline for individuals and C corporations that have filed Form 4868 for an automatic extension.
NOTE: Failure to meet these deadlines can result in significant financial consequences. Late filing penalties may reach up to 25% of the unpaid tax amount, with additional interest applied to outstanding balances. Taxpayers are encouraged to file early and seek professional guidance to ensure compliance with the latest tax regulations.
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Tax authorities are intensifying compliance measures, focusing on those who fail to meet their filing and payment obligations. Late filing penalties can reach 25% of unpaid taxes (5% per month), and a separate late payment penalty of up to 25% (0.5% per month) applies to unpaid amounts. The IRS also assesses minimum penalties, and specific penalty amounts can vary. Taxpayers should consult IRS resources for detailed information. High-income earners and corporations with offshore financial activities face increased scrutiny. While non-compliance doesn’t directly and immediately affect credit scores, unpaid tax debts can eventually lead to actions that may negatively impact them. Accurate and transparent filings are crucial for all taxpayers.
To reduce the risk of financial setbacks and regulatory scrutiny, taxpayers must ensure the accuracy of their filings. Red flags such as income discrepancies, excessive deductions, unreported foreign assets, and undocumented cash transactions may lead to increased oversight, particularly for those filing Forms 1040, 1120 and 1120S Seeking professional tax support can help mitigate these risks, allowing taxpayers to implement strategic tax planning, maintain thorough financial records, and ensure compliance with federal regulations.
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Professional tax services play a vital role in navigating tax complexities. IBN Technologies provides comprehensive tax preparation support, helping taxpayers navigate the complexities of the filing process while ensuring compliance with evolving laws. With a team of seasoned experts, the company offers strategic insights into tax-saving opportunities and facilitates accurate and efficient return submissions. By leveraging their expertise, businesses and individuals can refine their tax strategies and ensure a seamless filing experience with confidence.
“At IBN Technologies, we are committed to delivering seamless tax preparation services. Our expertise allows businesses and individuals to focus on growth while we handle their tax obligations with accuracy and efficiency,” added Mehta.
As regulatory bodies continue to introduce updated compliance frameworks, tax experts stress the importance of maintaining precise financial records. With tax software and digital tools playing a growing role in processing returns, even minor discrepancies can create compliance challenges. The integration of advanced tax solutions, cross-agency collaboration, and heightened scrutiny makes it essential for taxpayers to stay proactive and well-informed about regulatory changes. Experts remain instrumental in guiding individuals and businesses through these evolving requirements, ensuring accuracy and adherence to compliance standards.
For further details on tax regulations and preparation assistance, consult a certified tax professional. IBN Technologies’ experts remain dedicated to delivering reliable solutions that ensure seamless tax compliance as the U.S. tax filing season approaches.
Resources:
Get essential tips to help you complete your 1040 form instantly: https://www.ibntech.com/ebook/form-1040-simplified-your-path-to-tax-success/?pr=prnewswire
Ensure accurate and seamless 1120 form filing with expert support—get started today – https://www.ibntech.com/ebook/tax-return-c-corporations-form-1120/?pr=prnewswire
Streamline your 1120-S filing with expert support—Click Now! – https://www.ibntech.com/ebook/form-1120s-usa-tax-return/?pr=prnewswire
Related Services:
To know more about Payroll Processing Services:
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https://www.ibntech.com/finance-and-accounting-services/?pr=prnewswire
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https://www.ibntech.com/bookkeeping-services-usa/?pr=prnewswire
About IBN Technologies
IBN Technologies LLC, an outsourcing specialist with 25 years of experience, serves clients across the United States, United Kingdom, Middle East, and India. Renowned for its expertise in RPA, Intelligent process automation includes AP Automation services like P2P, Q2C, and Record-to-Report. IBN Technologies provides solutions compliant with ISO 9001:2015, 27001:2022, CMMI-5, and GDPR standards. The company has established itself as a leading provider of IT, KPO, and BPO outsourcing services in finance and accounting, including CPAs, hedge funds, alternative investments, banking, travel, human resources, and retail industries. It offers customized solutions that drive efficiency and growth.
Contact Details:
Pradip
sales@ibntech.com
+1 – 844 – 644 – 8440
USA:
IBN Technologies LLC
66 West Flagler Street Suite 900 Miami, FL 33130
India: Global Delivery Centre
IBN Technologies Limited
Kohinoor House, 2nd floor,
691/A/1B, Plot no. 7,
Bibwewadi Road, Pune-411037
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BERLIN, March 18, 2025 /PRNewswire/ — From March 4-6, 2025, ITB Berlin, the world’s leading travel trade show—kicked off in Germany, gathering over 5800 exhibitors and industry leaders from 170 countries. This year’s theme, “The World of Travel Lives Here” highlighted the digital transformation shaping the future of global tourism. As a leading enterprise payment provider in the airline and travel industry, YeePay showcased its one-stop global enterprise account solution, demonstrating how seamless payments are at the heart of a connected global travel ecosystem.
At ITB Berlin, Hua Lei, Senior Vice President and Head of International Business at YeePay, shared insights into how evolving visa-free policies are boosting inbound tourism to China, unlocking new business opportunities.
“Payments serve as the bridge, connecting businesses, distributors, and travelers. We are dedicated to creating efficient and secure payment solutions that facilitate seamless transactions between China and global travelers, as well as between Chinese and international businesses,” said Hua Lei.
During the event, YeePay engaged with global airline and travel companies, system providers, and payment technology firms, exploring collaborations to drive digital transformation across the travel industry. YeePay introduced its one-stop global enterprise account solution, designed to streamline complex cross-border transactions with low costs, competitive exchange rates, and fast processing speeds. By leveraging a comprehensive global collection, payment, and FX management system, YeePay enables travel businesses to efficiently handle international payments, foreign exchange management, and financial settlements. All within a single account.
As the travel industry embraces digitalization and globalization, YeePay is accelerating its global expansion to further enhance collaboration and co-innovation with travel businesses worldwide. The company remains committed to driving the evolution of global payment services, making transactions smarter, more seamless, and more efficient.
At ITB Berlin, YeePay not only showcased the strength of China’s payment technology but also reinforced its vision of fostering open, collaborative, and innovative partnerships to support the global travel industry. As the event’s theme suggests, “The World of Travel Lives Here”and YeePay is helping connect the world’s travel ecosystem through payments.
About YeePay
Founded in 2003, YeePay is a leading enterprise payment service provider in China, offering secure, innovative, and intelligent transaction solutions across industries such as airlines & travel, retail, fintech, and cross-border commerce. With a focus on financial inclusion and technological innovation, YeePay empowers businesses with seamless digital financial services.
For more information on YeePay, visit https://global.yeepay.com.
View original content:https://www.prnewswire.co.uk/news-releases/yeepay-at-itb-berlin-2025-building-a-digital-bridge-for-global-travel-through-payments-302403791.html
Fintech PR
TVP AND DEMAND POOL ANNOUNCE UPCOMING LAUNCH OF FIRST STRATUM V2 BITCOIN MINING POOL AND CLOSING OF VENTURE CAPITAL INVESTMENT
AUSTIN, Texas, March 18, 2025 /PRNewswire/ — DMND (“Demand Pool”), the world’s first Stratum V2 Bitcoin mining pool, announced the opening of the application for miners to join DMND as launch partners today. Successful applicants will benefit from a 0% fee for an initial two-month period, as well as a special two-year founding miner agreement. DMND also announced its venture capital financing that took place in Q4 2024, led by Trammell Venture Partners (“TVP”).
Stratum V2 enhances Bitcoin’s decentralization and privacy by enabling miners to construct their own block templates. DMND’s Stratum V2 pool implements end-to-end encryption to prevent hashrate hijacking and features a novel payments system called SLICE that ensures maximum miner payouts with auditable transactions and no hidden fees. Built on open-source, authenticated security, DMND creates a fairer and more profitable Bitcoin mining landscape. DMND is committed to increasing miner profits while strengthening Bitcoin’s decentralization.
“The Bitcoin mining industry has a key problem which I’ve pinpointed over my 10 year career: mining pool centralization,” said Alejandro de la Torre, DMND co-founder and CEO. “This is why it is paramount that we make Stratum V2 a reality. SV2 will help decentralize Bitcoin mining by allowing miners to build their own blocks. With the release of DMND pool—the world’s first Stratum V2 pool—we help combat this problem – a historic moment in Bitcoin.”
“The mining pool industry is one where murky fee payouts and relative centralization have become the norm,” said Christopher Calicott, TVP’s managing director and founding partner. “By empowering mining operators to securely and privately design their own block templates while facilitating radical transparency and fairness of payments to mining pool participants, DMND will bring a new era to the mining industry. Mining operators of any size—from small home miners to publicly traded giants—will all work to enhance Bitcoin’s decentralization.”
Mining operators are encouraged to apply to join the launch event and contribute to mining the first Stratum V2 block on the DMND website here. Applications for launch participants will end March 28, 2025, at midnight PST.
About Demand Pool
DMND is the first Stratum V2 Bitcoin mining pool. DMND’s revolutionary technology empowers miners with greater transparency, higher payouts, and true decentralization via miner block template creation. For more information visit us on the web.
About Trammell Venture Partners
Trammell Venture Partners, founded in 2016, is an Austin-based early-stage venture capital firm focused on investing in highly technical companies in three core areas including Bitcoin-native technologies, security and privacy tech, and applied AI. Since 2020, TVP has focused on backing founders building on the layers of the Bitcoin protocol stack via the venture capital industry’s first dedicated Bitcoin-native mandated VC fund series: The TVP Bitcoin Venture Fund series of funds.
MEDIA CONTACT:
Alejandro de la Torre
DMND: Demand Pool
alejandro@dmnd.work
+351 911 833 264
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SAN FRANCISCO, March 18, 2025 /PRNewswire/ — Sensor Tower, a leading provider of digital marketing insights, announced today that it has acquired gaming intelligence platform Video Game Insights. This acquisition strengthens Sensor Tower’s position as the preeminent source for gaming insights and expands its coverage into PC and Console.
“Gaming is a significant part of the digital economy, and with this acquisition, Sensor Tower is excited to offer our customers gaming insights across mobile, PC, XBox, and Playstation,” said Sensor Tower CEO Oliver Yeh. “Video Game Insights has become a trusted name in the industry, providing its customers with reliable estimates on sales, pricing, engagement, and ratings. We look forward to working with the entire Video Game Insights team to continue to innovate and provide Sensor Tower customers with the most comprehensive gaming insights.”
Video Game Insights is a market research company best known for providing game performance data and user trends from Steam, one of the most widely used video game distribution services. As of this year, Video Game Insights has expanded to provide data for Playstation and Xbox.
The addition of PC and Console data to Sensor Tower’s existing mobile gaming solutions unlocks new market opportunities in the $249 Billion gaming landscape. Top game publishers and developers can now track sales, engagement, and advertising across Apple App Store, Google Play, and Steam, enabling them to better understand market shifts, benchmark against competitors, and drive retention and growth.
“We are thrilled to join Sensor Tower and further our goal of providing the industry with a comprehensive view of the gaming ecosystem,” said Karl Kontus, Co-Founder and CEO of Video Game Insights. “The power of our combined datasets provides deeper insights into market trends, competitor strategies, and user preferences, allowing our customers to grow and scale at a faster rate than ever before.”
With this acquisition, Sensor Tower furthers its mission to measure the digital economy, providing global leaders with market analysis and competitive intelligence across mobile app, digital advertising, and website.
Video Game Insights will operate as Video Game Insights by Sensor Tower.
For more information please visit www.sensortower.com
Press contact: Amber Ellis, SensorTower@ccgrouppr.com
About Sensor Tower
Sensor Tower is the leading source of mobile app, digital advertising, retail media, and audience insights for the largest brands and app publishers across the globe. With a mission to measure the world’s digital economy, Sensor Tower’s award-winning platform delivers unmatched visibility into the mobile app and digital ecosystem, empowering organizations to stay ahead of changing market dynamics and make informed, strategic decisions.
Founded in 2013, Sensor Tower’s mobile app insights have helped marketers, app, and game developers demystify the mobile app ecosystem with visibility into usage, engagement, and paid acquisition strategies. Today, Sensor Tower’s digital market insights platform has expanded to include Audience, Retail Media, and Digital Advertising Insights (formerly Pathmatics), helping brands and advertisers understand their competitor’s advertising strategies and audiences across web, social, and mobile. Learn more at www.sensortower.com
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View original content:https://www.prnewswire.co.uk/news-releases/sensor-tower-acquires-video-game-insights-adds-pcconsole-gaming-data-302404422.html
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