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As of October 2017, a new initiative from the IRS Criminal Investigation Division will be established to address international tax cases. This IRS resolution will focus on improving the management and coordination of cross-border investigations. The tax attorney of Allen N. Davey LLC, Attorney at Law, CPA in Honolulu, HI, tells you what you need to know.

The new IRS-CI task force will bring together 10 to 12 agents to start. This is more than the average IRS-CI group, most of which have a maximum of 10 people. They will work at field offices in D.C. and throughout the United States.

tax attorneyOne of the most important elements the international tax enforcement group will focus on is data analytics. With modern technologies, there’s more data available than ever before. Technical experts who can analyze and classify this mass of information to identify areas of noncompliance are integral to the task force’s success.

Data collection and analysis will also be used to pinpoint new cases of interest. With workforce resources limited, it’s important for the IRS to focus its energies on the most promising potential cases. Data is the key to expediting and refining the case selection process.

It’s important to be aware of new regulations and to realize how they can impact you. Once you get in hot water with the Criminal Investigation Division (CID), the problem usually doesn’t go away. The best thing you can do is stay out of trouble altogether. If you do have issues, however, consult a tax attorney as soon as possible.

If you need tax representation in Honolulu, HI, look to Allen N. Davey LLC, Attorney at Law, CPA. Mr. Davey has helped individuals and businesses resolve liabilities for more than 30 years. He is known for his expertise and personalized care, and you can find out more details regarding Mr. Davey online. For a consultation, call the tax attorney directly at (808) 545-2222.

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