Tax fraud

The U.S. Treasury Department estimated that wealthy taxpayers as a group are hiding billions of dollars of income, a conclusion that aims to bolster the Biden administration’s call for Congress to approve expanded IRS funding and broad new financial-transaction reporting requirements.

The Biden administration is also calling for banks to report on account flows to help boost tax-payment compliance.

Expensive expenses; just a suggestion; examination concluded; and other highlights of recent tax cases.

Regulating preparers, modernizing old tech and beefing up cryptocurrency reporting would yield $700 billion, according to a new report.

The ARP and local aid; advocating for higher taxes; a question of dependency; and other highlights from our favorite tax bloggers.

Royal pain; collect yourself; hard Impact; and other highlights of recent tax cases.

Most at risk are taxpayers whose earnings aren’t reported to the IRS by an outside source like an employer or brokerage firm.

The Internal Revenue Service has picked TaxBit, a Salt Lake City-based company, as a subcontractor to help it do data analysis and tax calculations for audits of taxpayers with cryptocurrency.

Lawmakers are considering giving the IRS additional funding and authority to expand its tax enforcement operation.

Hundreds of IRS employees are cracking down on syndicated conservation easements, with 28,000 taxpayers under examination.

Brian Kolfage, whose work with Stephen Bannon to raise money for a U.S.-Mexico border wall resulted in a federal fraud indictment last year, faces new tax fraud charges.

For some wealthy investors, expanded government crackdowns on land deals are creating financial and legal headaches.

Morally bankrupt; pretend preparer; lack of faith; and other highlights of recent tax cases.

Convoy con; now needs counsel; third time’s the charm; and other highlights of recent tax cases.

The Internal Revenue Service could be doing more to track unreported income flowing through popular peer-to-peer apps like Venmo and Zelle.

Pacific time; the foreign country of Texas; COVID fine; and other highlights of recent tax cases.

The Internal Revenue identified more than 4,500 fraudulent tax returns using an inmate’s Social Security Number in 2019, claiming refunds totaling over $14 million.

Founded on fraud; what’s in a name?; taken for granted; and other highlights of recent tax cases.

The new figure for the tax gap is multiples higher than previous estimates from the federal government.

Potuck; what a decade; nice work, Genius; and other highlights of recent tax cases.