The Internal Revenue Service, fresh off its success in uncovering U.S. assets hidden in Swiss banks, has assigned elite criminal agents to investigate whether Bitcoin and other cryptocurrencies are being used to cheat the taxman.
The Internal Revenue Service said Thursday it saw dramatic declines in tax-related identity theft last year, thanks to the effort of the Security Summit, which brings together the IRS with state tax authorities and the tax industry.
An ex-math teacher turned Marseilles piano-bar manager who claimed links to Corsica’s underworld allegedly spearheaded a 385 million-euro ($478 million) tax scam and spent part of the proceeds on Beverly Hills real estate.
The Internal Revenue Service generally did a good job last season creating processes to handle some of the new provisions affecting tax season, according to a government report, but there were a few areas where it could be improved.
The Internal Revenue Service warned tax professionals Friday to beef up their security measures and avoid clicking on some new phishing emails that can download malware onto their computers to steal their clients’ data.
The Internal Revenue Service’s efforts last year to safeguard against identity theft by asking employers to file W-2 forms earlier and holding tax refunds longer if taxpayers claimed the Earned Income Tax Credit or the Additional Child Tax Credit did not always work, according to a new report.