Bad actors, beware! As the director of the IRS’s new Office of Fraud Enforcement (OFE) explained to an American Bar Association audience, the tax agency is aggressively pursuing emerging fraud threats. For example, OFE is training IRS agents and officers to look for fraud when conducting civil audits and training some to become experts on digital assets (such as cryptocurrency). In addition, the IRS will use civil fraud penalties more often for cases that can’t be sent to its criminal investigation unit. It’s also taking an “investigation-meets-data analytics” approach to determine whether enough information exists for criminal cases. OFE is hiring 200 attorneys to support these objectives. Call or visit our website for more information! www.mjscpa.com/
