The IRS Criminal Investigation Fiscal Year 2021 Annual Report highlights over 2,500 criminal investigations, $10 billion identified from tax fraud and financial crimes, and a 90% conviction rate.
IRS Criminal Investigation (IRS-CI) enforcement focused on tax and COVID-related fraud, money laundering, and cybercrimes. IRS-CI agents are the only federal law enforcement officers that have the authority to investigate U.S. tax code criminal violations. Their work benefits our nation, including defense, infrastructure, and education.
In fiscal year 2021, which was October 1, 2020 to September 30,2021), the IRS-CI expanded its existing network of U.S. field offices and international attachés that helped to combat global financial crimes. Their alliance with the Joint Chiefs of Global Tax Enforcement helped to strengthen public-private partnerships with financial institutions.
IRS-CI has been the leader in tax and financial investigations in the United States and across the world. They spent their time in fiscal year 2021 investigating tax-related crimes like tax evasion and tax fraud and making significant contributions to money laundering, narcotics trafficking, public corruption, terrorism, and COVID-19 fraud investigations.
Numerous investigations results in individuals receiving sentencing for fraudulently claiming and obtaining COVID-19 small business relief loans under the CARES Act.
The IRS convicts 90% of those prosecuted for tax crimes. Fix your tax problems way before it gets to that point! Give us a call today for your free consultation!