How IRS Is Targeting Offshore Accounts, Virtual Currency

This article by partner Kathleen Gregor, counsel Gabrielle Hirz and associate Isabelle Farrar was published by  Law360 on January 23, 2018.

Despite continuing Internal Revenue Service budget cuts over the last several years and significant attrition among its most experienced special agents, the IRS' Criminal Investigation Division is resolving to keep the pressure on in the new year.

In addition to maintaining its presence throughout the United States, and a significant international presence, the new chief of IRS CI, John D. "Don" Fort, has been focusing his staff's attention on two new initiatives: (1) the Nationally Coordinated Investigations Unit and (2) the International Tax Enforcement Group. These initiatives have been implemented over the past few months and should be fully operational early this year.