American Express has agreed to pay $230 million to settle charges in two cases brought by federal officials.The financial services firm will pay $138 m

American Express has agreed to pay more than $138 million to resolve a wire fraud investigation related to its sales and marketing practices.

Under a nonprosecution agreement the company is to pay a $77.6 million fine and forfeit $60.7 million for the revenue that could have been owed from its Payroll Rewards and Premium Wire programs.

American Express agrees to pay $138 million to settle allegations of misleading tax advice, prompting reforms in its sales practices.

The New York-based financial giant provided inaccurate tax advice to customers and potential customers on wire products mainly aimed at small and mid-size businesses, New York tax officials said. View

The American Express settlement follows recent agreements by Mastercard and Block to settle claims from prosecutors or regulators.

Stay calm and read your audit letter carefully if you're being audited. Find out what steps you need to take. You have the right to get help if you need it.

For a steep price, the original premium card gives you 5X points on certain flights and hotel stays, hundreds of dollars a year in credit for travel and shopping, and a suite of perks for high-end ...

The American Institute of CPAs (AICPA) has expressed strong support for new bipartisan legislation that would empower the Internal Revenue Service (IRS) to extend federal tax deadlines following state-declared disasters.

Trump announced his intention to create the new federal department on Truth Social, writing: "I will create the EXTERNAL REVENUE SERVICE to collect our Tariffs, Duties, and all Revenue that come from Foreign sources. We will begin charging those that make money off of us with Trade, and they will start paying, FINALLY, their fair share."

President Trump wants an External Revenue Service to collect tariffs on imports. One trade expert said the move may be “more branding than substance.”

American Express will pay approximately $230 million in fines and penalties to settle allegations that it deceptively marketed credit card and wire transfer products, and also misrepresented the tax benefits of two payroll wire transfer products.