In most countries, you don't have to pay an accountant to prepare your tax return: the government already knows how much you made, so every year they just send you a pre-filled in form to check over and sign. Read the rest
Every day, the world's poorest countries lose $3b in tax revenues as multinationals sluice their profits through their national boundaries in order to avoid taxes in rich countries, and then sluice the money out again, purged of tax obligations thanks to their exploitation of tax loopholes in poor nations. Read the rest
In 2009, the IRS created a Global High Wealth Industry Group to audit the super-wealthy, staffing it with skilled lawyers and accountants who could unravel the webs of "trusts, foundations, limited liability companies, complex partnerships and overseas operations" that were used to hide the income of the super-rich from the tax-collector. Read the rest
Since the 2008 financial crisis, the "sovereign citizen" movement/conspiracy theory (previously) has grown by leaps and bounds, thanks to a combination of the rise of antisemitism (long a dogwhistle in the movement, now out in the open), an increase in financial desperation and a sense of betrayal, and the movement's ability to realize real cash for its members, who have systematically defrauded the underfunded and resource-strapped IRS of move than $1B. Read the rest
The IRS is shut down, along with much of the rest of the federal government, but unattended servers running on autopilot are sensing that no progress has been made on taxpayers' attempts to clarify disputed and overdue bills, and so they are initiating asset seizure proceedings. Read the rest
Will Smith never planned on being an actor. He never planned on being broke and in debt to the IRS, either. In this video, Smith breaks down how being bad with money started him down the road to becoming one of the biggest TV and film stars in the world. Read the rest
Congratulations, America! The electronic federal tax filing system offered by the Internal Revenue Service so you can file your taxes today just crashed. Read the rest
In 2013, Tea Party activists claimed that they'd been singled out by the IRS for political reasons, and that's why their associated nonprofits were not being approved by the tax agency. In reality, a longrunning investigation found that the IRS was merely incompetent and understaffed, but the Tea Party's tactic of going after the referee rather than the system worked for them: the result was an IRS that has had its resources cut even further, leaving it less -- nor more -- able to evaluate charitable organizations that apply for tax-exempt status. Read the rest
IRS Commissioner John Koskinen said that he didn't expect the risk of fraud to go up this tax-filing season despite the world-beating Equifax breach of 145,000,000 Americans' sensitive personal and financial data because a "significant" number of Equifax's breaches had already been exposed by earlier breaches of other databases. Read the rest
Weeks after Equifax announced its worst-in-world-history breach, the IRS awarded the company a $7.5 million no-bid contract to prevent fraud. Read the rest
On September 29, weeks after Equifax admitted to having lost the most sensitive financial and personal information of 143,000,000 Americans (but a week before Equifax admitted that the total was actually 145,500,000) (and counting), the IRS awarded the company a no-bid contract for $7,250,000 to verify taxpayer identities and curtail fraud. Read the rest
Banks have to report deposits of $10,000 or more to the IRS, so some fraudsters "structure" their transactions as a string of sub-$10K payments that escape the regulatory requirement. Structuring is also illegal, and the IRS has the power to seize funds that the agency believes were part of a structuring scheme, under the discredited "civil fofeiture" process through which an inanimate object is sued for being the proceeds of a crime, and then the owner of that object has to prove that the object is "innocent." Read the rest
The National Policy Institute is Richard Spencer's white nationalist group, registered with the IRS as a 501(c)3 nonprofit, which can receive tax-free contributions from donors. Read the rest
One of those lame IRS scammers called me this morning. Read the rest
Seagate has emailed its employees and ex-employees to warn them that someone in the company sent their W2 tax data to a criminal who pulled off a successful phishing fraud. Read the rest
Michael sez, "Sometimes a simple 'no' can be better than what agencies consider a response when it comes to Freedom of Information. J. Pat Brown over at FOIA powerhouse MuckRock discovered that the hard way when, after a request for information on information about the IRS's whisteblower office resulted in documents being sent on a CD ... that was fully encrypted ... using a Windows only app ... where the password was sent along in a separate letter." Read the rest
