Identity theft comes in many forms, which can make it difficult to predict what is going to happen if someone gets hold of your information. One of the most common forms of identity theft is tax-related identity theft. As a victim of tax identity theft, you may...
Tax Crimes
How does the IRS catch tax fraud?
According to the Internal Revenue Service (IRS), there’s about $450 billion missing from its coffers. The money wasn’t stolen so much as it was never delivered in the first place. That’s the estimated “tax gap” the IRS believes exists between what taxpayers should be...
WHAT IS THE IRS VOLUNTARY DISCLOSURE PRACTICE?
The legal duty of taxpayers to fully comply with federal tax laws is the foundation of “Voluntary compliance” in the American tax system. Most taxpayers, in fact, voluntarily comply with this duty, however, there are always some that fail. The IRS has an impressive...
How Does the IRS Criminal Investigations Division Work?
The IRS Criminal Investigations (CI) Division handles tax crime cases. These cases are much less common than civil tax cases. The IRS states that they prosecute approximately 3,000 criminal tax cases each year. However, these prosecutions also provide a warning to all...