Attendees learned about the role of “big data” in the IRS’s and DOJ’s efforts to efficiently analyze the vast amounts of data that it receives from FATCA, the former Offshore Voluntary Disclosure Program, the current Voluntary Disclosure Practice, the Swiss Bank Program, and Suspicious Activity Reports.
They also learned about the IRS’s and DOJ’s efforts to detect and pursue tax evasion through cryptocurrency, including the John Doe summons to Coinbase and the use of blockchain technology to track users’ transactions. Finally, attendees learned about the mechanisms through which the IRS and the DOJ can procure targets’ electronic communications, with an emphasis on the requirements of the Stored Communications Act of 1986.
Moderator: Jay R. Nanavati, Kostelanetz & Fink LLP
Panelists: Don Fort, IRS, Allison Menkes, IRS, Dennis L. Perez, Hochman Salkin Toscher Perez P.C