[ April 18, 2024 ]
Every government agency has been weaponized against us.
IRS Chief Reveals Hiring Plan for Armed Agents
IRS to Prioritize Enforcement Including Criminal Investigation for Certain Assets
Story continues below advertisementBy Allen Zhong, The Epoch Tumes, April 8, 2023:
The Internal Revenue Service (IRS) said it would increase enforcement in the area of digital asset transactions and listed transactions.
The federal agency identified certain transactions to have high-risk issues in noncompliance and vowed to ramp up enforcement in those transactions.
“The IRS tracks many known, high-risk issues in noncompliance, such as digital asset transactions, listed transactions and certain international issues. These issues arise in multiple taxpayer segments, and data analysis shows a higher potential for noncompliance,” the tax agency wrote in its newly-released funding plan (pdf).
“We will prioritize resources to increase enforcement activities, including criminal investigation as appropriate,” the agency added.
According to the plan, the IRS will develop the information platform to support digital asset reporting and analytics tools to increase digital asset compliance in the fiscal year 2024, which is between April 1, 2023, and March 31, 2024.
Digital assets include convertible virtual currency, cryptocurrency, stablecoins, non-fungible tokens (NFTs), and other digital representations of value, according to the IRS website.
The IRS treats digital assets as property and requires taxpayers to report taxable gains or losses from digital asset transactions.
As it’s difficult to identify the owners of digital assets, U.S. judges allow the IRS to use “John Doe summons” to seek the identities of taxpayers of interest.
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5 Comments
1 year ago
It’s “obama”s dream to have the IRS come to all of our doors with weapons to effect armed robbery of cash and valuables under the color of law and redistribute the loot to the multitudes who vote for him and his junta.
1 year ago
Is this the Committee for State Security? In Russian that translates to KGB.
1 year ago
Wait till they find out all their hollow point ammo got sent to the Ukraine. HA
1 year ago
This is how long term these evil people plan.
The creation of the IRS was always intended to be a dictator’s private army.
1 year ago
More poison fruit of the i-s-l-a-m-i-c seeds that obama planted to destroy Western civilization. The first acts of placing islams sympathizers in all the 3 letter agencies, corrupting the health, education and judicial systems.
