IRS Catches $10 Billion in Tax Fraud in 2018 (1)

The IRS Criminal Investigation division found nearly $10 billion in tax fraud in fiscal year 2018—four times more than last year thanks to its focus on using data analytics.

The unit identified $9.7 billion in tax fraud in 2018, up from $2.5 billion in 2017. The team also found $10.4 billion in other financial crimes, a steep hike from the $1.1 billion identified in fiscal year 2017.

The report comes as tax administrations around the world are trying to combat tax evasion and cross-border financial crimes by using data at ...