News for hackers. Stuff that matters.
Re:The IRS Sets a Trap for Cryptocurrency Tax Cheats by Meekro on Saturday September 26, 2020 @01:04PM (#24600333)
Having a bored and well-funded cop on every street corner, looking for crimes, is not the best thing for a free society. "Make sure everyone pays their fair share" seems reasonable, but all too often degenerates into "spend years harassing a single mother over the EITC tax credit, then chalk it up as a win when she folds."

I've seen those return-on-investment studies saying "for every $1 allocated to the IRS, they collect $10 in unpaid taxes," but how much of that comes from harassing people who end up paying because they can't afford to spend years litigating in tax court, versus people who were actually hiding income?

Re:The IRS Sets a Trap for Cryptocurrency Tax Cheats by nerdponx on Saturday September 26, 2020 @02:16PM (#24600903)
The point is to specifically fund enforcement against actual tax evaders. They go after small cases because they have no resources to go after anything bigger.
Re:The IRS Sets a Trap for Cryptocurrency Tax Cheats by fortran77 on Saturday September 26, 2020 @05:22PM (#24602241)
EITC fraud is a major problem.
Re:The IRS Sets a Trap for Cryptocurrency Tax Cheats by srtjstjsj on Saturday September 26, 2020 @02:32PM (#24601026)
Do you have any evidence for your speculation?