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Thread: IRS Launches AI Tax Enforcement Crackdown

  1. 09-12-2023, 10:36 AM #1
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    Default IRS Launches AI Tax Enforcement Crackdown

    ​IRS Launches 'Sweeping, Historic' Tax Enforcement Crackdown Using AI

    The Internal Revenue Service (IRS) has announced that, thanks to a new funding boost, it's launching a "sweeping, historic" tax enforcement initiative using artificial intelligence and other cutting-edge technologies to catch tax evaders more effectively.

    ...

    The new enforcement thrust is said to focus on higher-earning Americans and big corporations, with the IRS pledging not to increase audit rates for people earning less than $400,000 per year.
    https://www.theepochtimes.com/articl...qCgyMYbQ%3D%3D
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  2. 09-12-2023, 12:49 PM #2
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    Default Re: IRS Launches AI Tax Enforcement Crackdown

    An IRS pledge?


    Scott Harrison
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  3. 09-17-2023, 08:31 PM #3
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    Default Re: IRS Launches AI Tax Enforcement Crackdown

    You want to make a wager on who will actually be targeted?

    Using Cash App & Venmo etc you will get a tax document for sales over $600 in 2023 https://help.venmo.com/hc/en-us/arti...9-2023-Tax-FAQ
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  4. 09-18-2023, 03:52 PM #4
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    Default Re: IRS Launches AI Tax Enforcement Crackdown

    So the threshold goes from $20,000 to $600. Anyone with a "side hustle" is going to love this.

    The biggest loser is anything crypto. Good luck finding the big fish though, they operate largely under an umbrella of fraud.

    The IRS said Friday that initial reviews of taxpayer compliance in the digital currency sector have raised concerns, with a potential non-compliance rate as high as 75 percent among taxpayers identified through record production from digital currency exchanges.
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