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2024-12-09 -Short Attention Span Theater-
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Audits? We don't Need No Stinkin' Audits
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[OffThePress] IRS’ Armed Division Expands To Largest Level In A Decade.
The Internal Revenue Service Criminal Investigation (IRS-CI) division, the armed enforcement wing of the IRS tasked with combating financial crimes, has expanded its workforce by nearly 11 percent, bringing staffing levels to their highest in nearly a decade and boosting the division’s conviction rate to 90 percent, according to the IRS-CI’s latest annual report.
The fiscal year 2024 report, released on Dec. 5, outlines a year of intensified enforcement for the IRS-CI, which serves as the tax agency’s law enforcement branch that focuses on tax violations that cross into criminal territory.
The report shows that the division achieved several firsts over the past year, including the first sentencing for syndicated conservation easement schemes, the first cryptocurrency tax fraud indictment, and a record-setting financial settlement with Binance, the world’s largest cryptocurrency exchange, for anti-money laundering violations.
IRS-CI special agents, who are authorized to carry guns and use lethal force, now number 2,290 after a hiring spree added 146 employees to its ranks over the fiscal year. The division’s overall workforce expansion is the largest in nearly a decade, bringing total headcount to 3,474 employees. Between 2010 and 2020, the division’s staffing numbers fell from 4,017 to 2,858.
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Posted by Mercutio 2024-12-09 00:00||
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