IRS Increases Criminal Investigations, Prosecutions and Convictions of Tax Evaders and Preparers in 2012
The IRS recently released statistics on criminal investigations conducted during 2012. These statistics focus on tax evaders and tax preparers that came under the scrutiny of the IRS during the past fiscal year. In comparison to the previous year, investigations and prosecutions both increased by approximately 9% for evaders and tax preparers.
The IRS’s criminal investigation unit specializes in complex financial investigations. The types of financial crimes that the bureau pursues include tax fraud, identity theft, money laundering, public corruption and offshore tax evasion. Every year, the IRS’s Criminal Investigation (CI) unit conducts thousands of investigations into these types of activities.
The IRS has also increased the numbers of indictment filings as well – by 13%. Convictions are also went up by 12% during this recent time period. Conviction rates are solid – 93% for 2012. The IRS’s CI unit is doing a very good of compiling the necessary evidence to build strong cases against the accused. With today’s access to electronic data and the ability to track financial movements; it is more difficult for criminals to get away with these types of crimes. In addition, the IRS is also spending more time going after the individuals responsible for helping these criminals and tax evaders.
It is clear that the IRS has improved their track record when it comes to criminal activities, utilizing their forensic capabilities in analyzing complex paperwork and computerized records and transactions. The bureau’s goal is to be the best at financial investigations worldwide.
Visit the IRS's website to read the full IRS Criminal Investigations Annual Report for 2012.