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IRS Investigation Chief Anticipates Increase in Crypto Tax Evasion Cases This Year
15.4.2024
Guy Ficco, the IRS Criminal Investigation Chief, says the agency is prepared for a significant uptick in crypto-related tax evasion cases amid the tax filing season.
The post IRS Investigation Chief Anticipates Increase in Crypto Tax Evasion Cases This Year appeared first on Cryptonews
Crypto Crimes Highlighted in IRS Criminal Investigation’s 2023 Top 10 Criminal Cases
16.12.2023
In the IRS’s list of top 10 criminal cases for 2023, cryptocurrency frauds are featured, ranging from multi-million dollar tax evasions to elaborate money laundering schemes. Crypto Scams Among Most Significant Financial Crimes in IRS Criminal Investigation’s 2023 Report The...
IRS Says US Taxpayers Are the Most Targeted for Pig Butchering Crypto Scams
16.11.2023
The Internal Revenue Service (IRS) has issued a warning about pig butchering cryptocurrency scams. IRS Criminal Investigation special agents stressed that these schemes are popping up across the globe, emphasizing: “U.S. taxpayers are currently the most targeted population for pig butchering...
IRS Building ‘Hundreds’ of Crypto Cases — Official Says $7 Billion in Crypto Seized in 2022
8.11.2022
The Internal Revenue Service (IRS) is building “hundreds” of crypto cases to crack down on tax evasion, an official reportedly said. In the fiscal year 2022, the IRS Criminal Investigation Division seized about $7 billion in cryptocurrency, which was double the previous year’s...
IRS Special Agent on Crypto: ‘We See Mountains of Fraud in This Area’
28.1.2022
A special agent with the Internal Revenue Service (IRS) says the tax agency is “seeing mountains and mountains of fraud” in the cryptocurrency space. The IRS criminal investigation unit is trying to train all of its agents on crypto and non-fungible token (NFT) issues because...
Governments Viewing Crypto as a Threat Will Be Left Behind
18.11.2019
In recent commentary at a New York blockchain conference, IRS Criminal Investigation Chief John Fort said the agency is now turning its focus to crypto ATMs and kiosks, as well as American users of foreign exchanges. While the continued push to regulate crypto is no surprise, the general narrative...