For over 50 years, Bloomberg Tax’s renowned flagship daily news service, Daily Tax Report® has helped leading practitioners and policymakers stay on the cutting edge of taxation and...
IRS Chief of Criminal Investigation Don Fort said his office is planning to take aim at international tax wrongdoing in a more targeted way, and to create a new national enforcement plan.
Fort said those are two of the five areas of focus he envisions as he takes charge of a division with a critical role in hunting down tax crimes.
That role, he said Sept. 15 at the American Bar Association tax section meeting in Austin, Texas, is one that supports the Internal Revenue Service’s efforts to boost tax compliance and makes committing tax crime tougher.
He said a new international tax enforcement group is going to start operations in about a month, to intensify the agency’s pursuit of illegal cross-border activities. “It’s designed to bring together a lot of expertise,” Fort said, noting that CI has had “many discussions” with the Department of Justice in crafting the group.
The CI chief didn’t provide specific details of the global issues the group will pursue, but reiterated that it is a top priority. “We’re spending a lot of time on international,” he told Bloomberg BNA.
He noted during his speech that CI agents have developed tremendous expertise in the international area through their efforts to stop global schemes to steal U.S. taxpayers’ identities. “We follow the money,” he said.
Another new approach Fort is developing, he said, is putting together a national investigative enforcement group, designed to provide overarching pursuit of significant issues all over the country. This unique approach is intended to offer perspective on tax crimes nationwide, he told practitioners.
“This unit is designed to ensure that we have broad coverage across the board,” he said.
A third priority will be traditional tax enforcement, which focuses on employment tax issues, international tax crime, non-filing, and unreported income, among other topics. That focus won’t change, and is measured by the number of cases agents can recommend to the DOJ for prosecution, Fort said.
A fourth area of focus is analyzing data that is now pouring in from many IRS initiatives, he said. That data could be extremely useful in helping CI agents develop cases, Fort added. CI has “some very smart people” focusing on this.
The CI chief said in the fifth area, agents will be sharply focusing on the emerging threat of virtual currency and cryptocurrency, saying some CI agents are regarded as “the world’s experts” on this issue.
To contact the reporter on this story: Alison Bennett in Austin, Texas, at email@example.com
To contact the editor responsible for this story: Meg Shreve at firstname.lastname@example.org
Copyright © 2017 The Bureau of National Affairs, Inc. All Rights Reserved.
All Bloomberg BNA treatises are available on standing order, which ensures you will always receive the most current edition of the book or supplement of the title you have ordered from Bloomberg BNA’s book division. As soon as a new supplement or edition is published (usually annually) for a title you’ve previously purchased and requested to be placed on standing order, we’ll ship it to you to review for 30 days without any obligation. During this period, you can either (a) honor the invoice and receive a 5% discount (in addition to any other discounts you may qualify for) off the then-current price of the update, plus shipping and handling or (b) return the book(s), in which case, your invoice will be cancelled upon receipt of the book(s). Call us for a prepaid UPS label for your return. It’s as simple and easy as that. Most importantly, standing orders mean you will never have to worry about the timeliness of the information you’re relying on. And, you may discontinue standing orders at any time by contacting us at 1.800.960.1220 or by sending an email to email@example.com.
Put me on standing order at a 5% discount off list price of all future updates, in addition to any other discounts I may quality for. (Returnable within 30 days.)
Notify me when updates are available (No standing order will be created).
This Bloomberg BNA report is available on standing order, which ensures you will all receive the latest edition. This report is updated annually and we will send you the latest edition once it has been published. By signing up for standing order you will never have to worry about the timeliness of the information you need. And, you may discontinue standing orders at any time by contacting us at 1.800.372.1033, option 5, or by sending us an email to firstname.lastname@example.org.
Put me on standing order
Notify me when new releases are available (no standing order will be created)