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The IRS Embraces Big Data to Fight Tax Fraud

March 30, 2022

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After years of hiding in plain sight, cyber entrepreneurs and investors have finally caught the attention of the IRS. This is due mainly to the rise of non-fungible tokens (NFTs) and the crypto bubble. In addition to tech millionaires secreting their wealth in cryptocurrencies and digital banks, increased incidences of identity theft and refund fraud have led the IRS to embrace big data in an effort to combat the problem and reduce the tax gap.

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