IRS to Increase Enforcement Efforts against Tax Evasion

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The Internal Revenue Service (IRS) has recently announced its new plan to combat tax evasion. Tax evasion is a serious problem affecting the economy, depriving the government of revenue to fund public services such as infrastructure, education, and healthcare. 

The new plan aims to ensure taxpayers comply with their tax obligations and pay their fair share of taxes. Here is an overview of the IRS’s new plan to fight tax evasion and where to find a tax lawyer: 

Increased Use of Technology

The IRS plans to use technology to improve its ability to detect and combat tax evasion. The agency has already started using advanced data analytics to identify patterns of non-compliance and suspicious activities. It will also use data from multiple sources, such as financial institutions, social media, and other public records, to track down taxpayers who must pay taxes.

The IRS will also use artificial intelligence (AI) to analyze tax returns and detect inconsistencies, errors, and omissions. The AI system will be able to identify high-risk taxpayers who are more likely to engage in tax evasion, and the IRS will prioritize these cases for audit.

Technology will enable the IRS to identify tax evasion more quickly and accurately and help reduce the workload of IRS agents responsible for detecting tax evasion.

Better Enforcement

The IRS will also increase its enforcement efforts to ensure taxpayers comply with their tax obligations. The agency plans to hire more agents to conduct audits and investigations of high-risk taxpayers and businesses. It will also increase the number of criminal investigations into tax evasion.

The IRS will also work more closely with other government agencies, such as the Department of Justice and the Federal Bureau of Investigation, to investigate and prosecute tax evasion cases. The agency will also collaborate with international partners to identify and prosecute taxpayers who hide their assets and income in offshore accounts.

The increased enforcement efforts will send a clear message to taxpayers that the IRS is serious about detecting and punishing tax evasion. It will also help to deter taxpayers from engaging in tax evasion in the first place.

Improved Taxpayer Services

The IRS also plans to improve its taxpayer services to encourage compliance. The agency will provide more resources and information to taxpayers about their tax obligations and how to comply with them. It will also offer more flexible payment options and installment agreements for taxpayers struggling to pay their taxes.

The IRS will also improve its outreach to underserved communities, such as low-income and non-English speaking taxpayers, to ensure they have access to the resources and information they need to comply with their tax obligations.

Improved taxpayer services will help to reduce the number of taxpayers who unintentionally fail to comply with their tax obligations due to a lack of information or resources. It will also help promote voluntary compliance, the most effective way to combat tax evasion.

Conclusion

Tax evasion is a serious problem affecting the economy and depriving the government of revenue to fund public services. The IRS’s new plan to fight tax evasion is a step in the right direction, and the agency must have the resources it needs to implement the plan effectively. 

Taxpayers also have a role in combating tax evasion by complying with their tax obligations and reporting suspicious activities to the IRS. By working together with tax lawyers, we can ensure that everyone pays their fair share of taxes and contribute to the well-being of our communities and our country.

IRS tax attorneys can also help you with audits and appeals and represent you in court should it become necessary. Ultimately, an IRS tax attorney can be a valuable resource for anyone dealing with the complexities of the U.S. tax system.

Don’t let tax issues or business bankruptcy cause you to stress. Our experienced team at Law Offices of Stephen B. Kass, P.C. provides top-notch tax settlements, IRS litigation/negotiations, and business bankruptcy services to help you navigate these complex legal and financial matters. We’re here to fight for your rights and protect your interests. Contact us now to schedule your consultation with our IRS tax attorneys!

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