Articles about irs

Bitcoin

Crypto-cash souk Coinbase forced to rat out its high rollers to probing US taxmen

Cryptocurrency exchange Coinbase will be turning over information on 14,000 of its users to the IRS – Uncle Sam's tax collectors – thanks to an order from a US court. Judge Jacqueline Corley of the San Francisco district court ruled on Wednesday the Bitcoin, Ethereum, and Litecoin trading website will be required to hand over …
Shaun Nichols, 30 Nov 2017

Nothing matters any more... Now hapless Equifax bags $7.5m IT contract with US taxmen

Shortly after we all learned of a massive security breach at Equifax in which the personal information of 143 million 145.5 million Americans and sundry Brits and Canadians was plundered by hackers, the US Internal Revenue Service awarded Equifax a no-bid contract – to provide identity verification services for the tax authority …
Iain Thomson, 3 Oct 2017
Bezos

Amazon dodges $1.5bn US tax bill: It's OK to run sales through Europe out of IRS reach – court

Champagne corks will be popping in Seattle after US taxmen lost their case against American web giant Amazon over the non-payment of taxes on overseas earnings. On Thursday, the US Tax Court ruled [PDF] in favor of Amazon, saying it was legal for the internet souk to channel its European sales through a low-tax Luxembourg …
Iain Thomson, 24 Mar 2017

Beancounter nicks $5m from bosses, blows $1m on fantasy babe Kate Upton's mobe game

A California chap says he blew $1m in money stolen from his employer on Game of War, a freemium phone game fronted by swimsuit model Kate Upton. Kevin Lee Co, of Rocklin, has pleaded guilty [PDF] to one count each of wire fraud and money laundering, and admitted to stealing roughly $4.8m from his employer through charges to …
Shaun Nichols, 12 Dec 2016
Tax haven

No matter who becomes US president, America's tech giants are going to be quids in

Last night's US presidential debate may have been fierce, but no matter who wins the election next month, technology firms are going to make out like bandits. For years now US firms, and particularly the technology sector, have been hoarding cash overseas to avoid paying the 35 per cent tax rate that would apply if they …
Iain Thomson, 21 Oct 2016
Losing money

The IRS spaffed $12m on Office 365 subscription IT NEVER USED

A report on spending from the office of the US Treasury Inspector General for Tax Administration (TIGTA) claims that between June 2015 and June 2016, the tax collectors paid $12m for subscriptions on Microsoft Office 365 and Exchange Online that were never used. The TIGTA report [PDF] found that in 2014, the IRS kicked off a …
Shaun Nichols, 14 Oct 2016

Couple in the cooler for sucking $1m out of Uncle Sam via IRS 'Get Transcript' scam

Two people have been jailed for their involvement in a scam that exploited the US IRS "Get Transcript" website to defraud the American government. A couple from Austell, Georgia, laundered more than $1m as part of a larger swindle that abused weaknesses in the taxmen's website to get the personal data needed to file fraudulent …
Shaun Nichols, 27 Jul 2016
IRS

IRS kills off PINs citing increasing suspicious activity

America's Internal Revenue Service has brought forward the discontinuation of the electronic filing PIN that was supposed to protect customers. After an embarrassing security breach in February of this year, it issued PINs to millions of Americans to try and protect what secrets they still had. That program was suspended in …

US taxmen pull plug on anti-identity-theft system used by identity thieves

The US Internal Revenue Service (IRS) has suspended its Identity Protection PIN tool, designed to safeguard people at risk from identity theft, because scammers are using it for identity theft. American taxpayers can request a six-digit PIN code from the IRS that is supposed to lock down their account with the taxmen: no valid …
Iain Thomson, 8 Mar 2016
phishing_648

Bungling Seagate staffer leaked coworkers' social security numbers, other info to email fraudsters

Storage drive biz Seagate is lousy at keeping its own data safe: it accidentally handed over the crown jewels of its employees' private information to persons unknown. A Seagate employee was fooled by an email that masqueraded as an internal memo from the CEO: the message requested people's W-2 forms, and the worker duly …
Iain Thomson, 8 Mar 2016

IRS: Er, those 100,000 tax records illegally accessed? Make that over 700,000

The US Internal Revenue Service (IRS) has admitted that its problem with "Get transcript" scammers is much worse than first thought – over seven times as bad to be precise. In May of 2015, the IRS reported that around 100,000 people had had their tax returns and income forms sent out to criminals who gamed its "Get transcript …
Iain Thomson, 27 Feb 2016

Gird your coins: A phishing tsunami is smashing into America

The US Internal Revenue Service (IRS) has put Americans on red alert following a massive increase in reports of phishing and malware attacks targeting taxpayers. The US tax authority said in an advisory that so far this year, reports of email and SMS-based scams were up 400 per cent and can be expected to continue in the build …
Shaun Nichols, 19 Feb 2016
IRS

Crims unleashed IRS-stabbing malware in bid to rob 464,000 people

Crooks generated the keys necessary to file tax returns for 101,000 people in the US – allowing the crims to potentially siphon off their victims' rebates. All American citizens, and tax residents in the US, must submit their annual tax forms by April 18 for this year. Surprisingly, you can do this online using the IRS's e- …
Iain Thomson, 10 Feb 2016

US taxmen borked in computer cockup riddle

A computer system breakdown at the US Internal Revenue Service (IRS) has knocked web-based tax tools offline and held up processing of people's returns. All US citizens, and tax residents in America, must file their annual tax forms by Monday, April 18 for this year. However, right now, the IRS is unable to accept many returns …
broken hard drive

IRS 'inadvertently' wiped hard drive Microsoft demanded in audit row

The IRS has declined to produce data in a Freedom of Information Act (FOIA) battle between itself and Microsoft – because the taxmen deleted the information after receiving the information request. In a filing [PDF] to the US District Court of Western Washington this month, Uncle Sam's Internal Revenue Service said it would be …
Shaun Nichols, 21 Jan 2016
Cartoon - Private SNAFU

US taxman slammed: Half of the IRS's servers still run doomed Windows Server 2003

Half of America's Internal Revenue Service's (IRS) servers are running Windows Server 2003, despite extended support for it ending in July. That's according to a report by the Treasury Inspector General that took a look at the IRS' $139m upgrade program. The report is distinctly unimpressed and notes that the IRS "did not …
Kieren McCarthy, 14 Oct 2015

Yahoo's! tax-free! Alibaba! switcheroo! gets! a! rough! ride! from! US! taxmen!

The amazing Yahoo! / Alibaba / SpinCo tax structure has suffered a blow: America's Internal Revenue Service has refused to say whether or not it approves or disapproves of Yahoo!'s tax-avoidance chicanery. And that usually spells trouble. Back at the start of the year, the Purple Palace announced it would shuffle its roughly …
Cash in brown paper envelope CC 2.0 attribution StockMonkeys.com

IRS: Tax-record snaffle scam actually 200% worse than first feared

The US Internal Revenue Service (IRS) admitted Monday that the May scam in which criminals tried to use stolen data on more than 114,000 people to collect tax information was far larger than it originally thought. Uncle Sam's taxman now claims that on top of the 100,000 or so people whose data had been used to collect tax …
Shaun Nichols, 17 Aug 2015

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