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From the Tax Law Offices of David W. Klasing- How the IRS Uses Big Data Analytics to Catch (and Punish) Tax Evaders

IRVINE, Calif., Sept. 13, 2019 /PRNewswire/ — Like government agencies all over the world, the IRS continually adapts its data analytics strategy in an effort to keep up with changing pace of technology – and by harnessing the power of Big Data, the IRS is getting better and better at detecting and investigating tax evasion effectively.

In 2018, the IRS was provided funding for approximately 1,700 new hires. At the same time, the IRS unveiled a five-year plan to upgrade its technology, not only to reflect advancements in computing, but also to account for the Tax Cuts and Jobs Act (TCJA), which brought major overhauls to the federal tax code.

Consider how well the IRS Criminal Investigation Division performed even when hampered by antiquated technology – in 2018, the tax conviction rate topped 91% – the planed technology upgrades are bound to yield impressive results, particularly since the IRS plans to increase its number of criminal referrals for tax evasion. For taxpayers who have failed to comply with the law (by, for instance, underreporting or concealing income), that means only one thing: danger.

The IRS draws data and information from a vast and varied network of sources, including but not limited to those listed below. Where relevant, our IRS tax attorneys have included links to additional information for readers:

Through a combination of cutting-edge data analytics and tried-and-true investigative techniques, the IRS plans to focus its upcoming enforcement efforts on a set of specific problem areas. These areas include:

See a full version of this article here:

Public Contact: Dave Klasing Esq. CPA,

SOURCE Tax Law Offices of David W. Klasing, PC

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