The article has been automatically translated into English by Google Translate from Russian and has not been edited.

91% of cases disclosed: in 2019, the IRS revealed billions of tax frauds

Although the U.S. Internal Revenue Service struggled with staff reductions and funding over the past year, the agency wants the public to know: the IRS is still harshly condemning tax criminals and revealing 9 of the 10 tax fraud crimes that have become known.

Фото: Depositphotos

According to the annual report of the Criminal Investigation Agency for the 2019 year, this year the detection of tax crimes amounted to 91,2%, writes Fox Business. The agency also said it has identified tax fraud in the amount of 1,8 billion dollars and other financial crimes in the amount of 4,4 billion. In total, 1726 orders were executed.

The head of the criminal investigation department of the agency, Don Fort, said that the team is not far behind the achievements that allowed criminals to transfer money "in no time."

“The speed with which money is moving today is almost instantaneous, and the attendant convenience offers criminals the opportunity to use the latest technological advances,” Fort said.

He added that criminals are now dealing with cryptocurrency - thinking that this will make them “anonymous” - but the agency will continue to harass scammers on all platforms.

On the subject: Fraudsters tricked out $ 900 thousands from Americans by posing as IRS agents over the phone

Earlier this year, the IRS warned tens of thousands of taxpayers to report and pay taxes for their transactions in virtual currency. Failure to pay these taxes may result in fines and penalties.

The agency’s criminal division spent three quarters of its time on tax crimes, including everything from cybercrime to tax fraud, as well as corporate fraud and money back fraud.

In the 2019 fiscal year, 2485 investigations were launched - less than in the previous two years. The prison sentence rate was 79%, and the average number of months during which the perpetrators had to remain in prison was 43.

Despite the fact that crime is the focus of attention, a recent report indicated the gap between the debt of the IRS and what it collects. In the next 10 years, the amount may increase to 7,5 trillion dollars.

On the subject: What to do if you cannot pay taxes in full: IRS instruction

The IRS budget decreased by 15% from 2011 year, the execution budget decreased by 25% over the same period. The IRS now has fewer auditors than ever since World War II. In general, the staffing has decreased by more than 20% since the 2011 of the year.

In the 2018 fiscal year, the agency checked 0,59% of individual tax returns or about 892 000 documents. This is less than a year earlier, when the indicator reached 0,62%, and audits were at the lowest level since 2002 of the year. Rates for high-income workers who adjusted gross income in excess of 10 million US dollars fell to 6,66% from more than 14% a year earlier.

Read also on ForumDaily:

How illegals manage to work and study in the USA: answers to the main questions

When you may need a new social security number and how to get it

USCIS innovation comes into force: low-income immigrants' lives will be complicated

Avoiding Fraud in the United States and Abroad: Consular Advice Tips

We ask you for support: make your contribution to the development of the ForumDaily project

Thank you for staying with us and trusting! Over the past four years, we have received a lot of grateful feedback from readers who helped our materials arrange life after moving to the USA, get a job or education, find a place to live or arrange a child in a kindergarten.

Now we want to ask YOU for support.

High-quality journalism requires serious financial investments and our revenues do not always cover the costs of maintaining the editorial staff, which jeopardizes the continuous operation of the site. We do not introduce a paid subscription, so that Russian-speaking immigrants in the United States can freely receive verified information in their native language. But we will be grateful to you for any amount that you are willing to share so that we can continuously provide useful information to thousands of immigrants.

Security of contributions is guaranteed by the use of the highly secure Stripe system.

Always yours, ForumDaily!

Do you want more important and interesting news about life in the USA and immigration to America? Subscribe to our page in Facebook. Choose the option "Priority in the show" - and read us first. And don't forget to subscribe to ForumDaily Woman - There you will find a lot of positive information.

Miscellaneous fraud IRS taxes in the USA Криминал


1053 requests in 2,298 seconds.