The US Internal Revenue Service (IRS) announced the release of its IRS criminal investigation annual report (www.1.usa.gov/1SAD4Ba). Focusing on tax-related identity theft money laundering public corruption cybercrime and terrorist financing the IRS initiated 3 853 cases in the 2015 fiscal year. Some of the investigations included were the FIFA corruption scandal (which spanned 33 countries and included allegations of tax evasion) and the uncovering of the creator and owner of the ‘Silk Road’ illegal darknet website Ross Ulbricht who was sentenced to life in prison and ordered to forfeit more than $183m.
The IRS also announced that its FATCA International Data Exchange Service (IDES) will open for testing from Monday 21 December 2015 at 8am EDT to Thursday 7 January 2016 at 5pm EDT (GMT –4). FATCA frequently asked questions have also been updated at www.1.usa.gov/1lMkSdB.
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The US Internal Revenue Service (IRS) announced the release of its IRS criminal investigation annual report (www.1.usa.gov/1SAD4Ba). Focusing on tax-related identity theft money laundering public corruption cybercrime and terrorist financing the IRS initiated 3 853 cases in the 2015 fiscal year. Some of the investigations included were the FIFA corruption scandal (which spanned 33 countries and included allegations of tax evasion) and the uncovering of the creator and owner of the ‘Silk Road’ illegal darknet website Ross Ulbricht who was sentenced to life in prison and ordered to forfeit more than $183m.
The IRS also announced that its FATCA International Data Exchange Service (IDES) will open for testing from Monday 21 December 2015 at 8am EDT to Thursday 7 January 2016 at 5pm EDT (GMT –4). FATCA frequently asked questions have also been updated at www.1.usa.gov/1lMkSdB.
If you or your firm subscribes to Taxjournal.com, please click the login box below:
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