 Internal Revenue Service, IRS Tax News. IRSCI releases fiscal year 2022 annual report highlighting more than 2,550 investigations, 90% conviction rate, enforcement actions focused on tax fraud, money laundering and cyber crimes. So be good for goodness sake or you may end up on this report as well as on Santa's list. Yeah I'm not sure which is worse it's like it's like a double whammy I don't know about you but I don't think I could handle like a single whammy so I'd certainly like to avoid a double. Let's read on about who the IRS is currently whammy in as we breathe a comforting sigh of relief thinking wow sure glad that's not me it's like a healthy family trip to the gallows where you're like holy crap they just tore that dude's guts out and then showed him to his face that that can't be healthy I think we should take some steps to avoid that no this list is way worse than Santa's anyways first to joke after the president's historic interview with a growing man who transitioned into a little girl 90 days ago to sell a whole lot of makeup on TikTok the president has transitioned his entire approach to creating legislation central manufacturing outstanding outstanding you're not going to tell me I have too much experience are you certainly not you're perfect for the job great except can you be a minority woman in order to get the job no no exceptions I want this job I need it I can do it everywhere I've been today there's always been something wrong too young too old too short too tall whatever the exception is I can fix it I can be older I can be taller I can be anything can you be a minority woman one bold man answers yes he can the president has realized that transitioning everything that's the key your name's libowski libowski your wife is bunny my my wife bunny you see a wedding ring on my fear does this place look like I'm married the toilet seats up man for example he has now transitioned an inflationary spending bill into an inflation reduction bill is it obviously you're not a golfer yeah just by changing the name he's on the droids you're looking for as demonstrated by the inflation reduction act what has that got to do with it back off man i'm a scientist rumor has it that the inflation reduction act is going to start its own tiktok account to fight back against the haters i'm inflation reducing dang it says the new tiktok account can't you see the dress i put on and the pronouns in my bio i find your lack of faith disturbing i mean honestly i have clearly listed my tiktok pronouns as inflation reduction and inflation reduction is how i demand to be addressed and if you don't refer to me as such you sir are an incel bigot whatever that is i don't even know anymore but what that's what you are just like that our inflation problem is solved and i say we fight back are you with me yeah which one means yes yay or if not solved unaddressed or possibly not unaddressed but rather in address and outlawed from discussion it's just occurred to me we really haven't had a completely successful test of this equipment i blame myself so do i i don't know sense worrying about it now which is basically the same thing right why worry each of us is wearing an unlicensed nuclear accelerator on his back yep let's get ready switch me on ir 2022-194 november 3 2022 washington in fiscal year 2022 irs criminal investigation initiated more than 2550 criminal investigations identified over 31 billion dollars from tax and financial crimes and obtained a 90.6 percent conviction rate on cases accepted for prosecution are you bragging over their irs this sounds kind of like kind of like bragging but that's okay whatever the irsci fiscal year 22 annual report there's a link to that here released thursday details these statistics as well as important partnerships and significant criminal enforcement actions from the past fiscal year which began october 1st 2021 and ended september 30th 2022 quote the cases the irsci team investigated over the past fiscal year touch multiple continents and require cooperation with partners around the globe this is why irsci continues to submit itself as the preeminent law enforcement agency investigating financial crimes on a global scale end quote said irs commissioner chock reddick in fiscal year 22 irsci expanded partnerships with foreign counterparts to help combat tax and financial crimes on a global level irsci special agents deliver training in countries like argentina germany columbia and palua on topics ranging from cyber crime to human trafficking irsci mexico city after changes to mexico law that enabled the extraction of tax fugitives launched an initiative to identify fugitives who had absconded to mexico and nearby countries this initiative resulted in the location of 79 criminal fugitives and apprehension of eight during the first year there's a link to that here irsci joined task force klepto capture there's a link to that here in march 2022 to target russian oligarchs and other sanctions evaders it also works with the chiefs of global tax enforcement j5 there's a link to that here to identify potential sanction evaders or sanctioned assets as part of a global strategy to deter russia's aggression as of september 2022 the agency had identified nearly 50 individuals and entities for potential sanctions related enforcement irsci's to uh 2077 special agents spent about 70 of their time investigating tax related crimes like tax evasion and tax fraud during fiscal year 22 while nearly 30 of their time was spent on money laundering and drug trafficking cases special agents identified over 31 billion dollars from tax and financial crimes and the agency seized assets valued at approximately seven billion dollars in fiscal year 22 irsci is the only us federal law enforcement agency that focuses 100 percent on financial investigations quote our team follows the money in quote that's good policy good policy i have to say right there said irsci chief jim lee quote we've been doing it for more than 100 years and we've followed criminals into the dark web and now into the hemisphere uh tax and other financial crimes no no borders if you violate the law and end up in the crosshairs of an irsci special agent you are likely going to jail end quote nice kind of cop cop line cop rant right there that's good that belongs in a movie right there so case examples include the irsci cyber crime unit with assistance from us authorities traced billions of dollars of bitcoin stolen from bitfinex a cryptocurrency exchange after a 2016 hack this led to the february 2022 arrest of alea latz tenstein and his wife heather morgan i'm probably butchering these names but it is what it is you can read it for yourself check the names if you're interested for alleged conspiracy to to launder stolen cryptocurrency irsci special agent lawfully seized and recovered more than 94 000 stolen bitcoin which was valued at over 3.6 billion dollars at the time marking the largest seizure in us history the tampa field office investigated michael dexter uh little uh for tax related crimes he was sentenced to 19 years and six months in federal prison in january 2022 for conspire conspiracy to commit wire fraud conspiracy to commit money laundering and aggravated identity theft so little has little also has to forfeit at least 12.3 million dollars traceable to his offenses he filed a series of false tax returns claiming massive bogus fuel tax credits he filed the false returns in his own name and the names of co-conspirators as well as identity theft victims he obtained at least 12.3 million dollars in fraudulent tax refunds and attempted to obtain at least 27 million dollars more little and his co-conspirators used scheme used scheme proceeds to purchase real estate and other assets for themselves it's just it's it's just crazy how how aggressive some of these people can can be you know you you think it's just like wow so the oakland field office investigated jeff and palete karpoff for running and i probably butchered that name but a billion dollar fraud scheme centered around dc solar investors who duped into investing in dc solar based a fake financial and engineering reports and the money was used to fund the karpoff's live lavish lifestyle which included an a nas car sponsorship ownership of a minor league baseball team luxury real estate and more the federal government seized and auctioned off 148 of the karpoff's vehicles and recoup more than 80 million dollars for scheme victims in november 2021 jeff karpoff was sentenced to 30 years in prison and in june palete karpoff was sentenced to 11 years in prison so that's an interesting one because it had the dc solar it's getting into the solar stuff which i think is being kind of incentivized to some degree by the government as well i'm wondering if that makes it easier for these kind of you know these kind of schemes or scams and whatnot but in any case the report also includes additional case examples for east us field office an overview of irs ci's international footprint details about the specialized services provided by irs ci and investigative statistics broken down by discipline for fiscal year 22 irs ci is the criminal investigative arm of the irs responsible for conducting financial crime investigations including tax fraud narcotics trafficking money laundering public corruption health care fraud identity theft and more irs ci special agents are the only federal law enforcement agents with investigative jurisdiction over violations of the internal revenue code boasting a near 90 federal conviction rate the agency has 20 field offices located across the us in 12 ates she posts abroad so more information about them obviously very important these days this kind of law enforcement process due to the cyber kind of nature of things following the money is clearly a way to get to the bottom of stuff typically so in any case more information if you're interested on this stuff is at the irs criminal investigation by the numbers 2022 annual report video there's a video of it there's a link to that here there's a link to the report i believe up top you can dig into it more if you so choose there and see what the see what the latest criminals and the people that are trying to catch the criminals are doing at this time and there'll be a link to this in the description