The Daily Brief
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IRS Announces Start of Tax Season

Tax season starts on Jan. 23, Boston financial advisor accused of fraud and Stash scores $25 million in capital funding.

The Internal Revenue Service announced on Friday that the official start to tax season will be Jan. 23, 2017. The IRS will begin accepting electronic tax returns that morning and expects over 153 million returns to be filed before the deadline. The deadline itself is the other story, as it will be April 18 this year, instead of the usual April 15. April 15 falls on a Saturday in 2017, and the usual approach would be to move the deadline day to the next Monday. However, that Monday is Emancipation Day, a legal holiday in Washington, D.C., hence the unusual deadline.

SEC Accuses Boston FA of Defrauding Clients

If you thought we’d already passed peak capital funding in robo advisor technology, you would be wrong. Stash, a digital advice firm based in New York City that offers investment advice for accounts as small as $5 though a mobile app, announced that it raised $25 million in Series B funding this week after it raised $9.25 million in Series A funding in August. The company claims it is the fastest-growing consumer investing platform, adding 300,000 customers over the last year and 10,000 new users each week. Stash said it would use the new funding to develop new features, services and products, and support its free educational hub, “Learn.”

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