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Benthall, Blake, Bitcoin (Currency), black markets, Computers and the Internet, Content Type: Personal Profile, Drug Abuse and Traffic, Federal Bureau of Investigation, Internal Revenue Service, Silk Road (Web Site), Silk Road 2.0, Start-ups, Tech Industry, Tech News, Virtual Currency

From Online Drug Lord to Crypto Entrepreneur, Blake Benthall Is Back in Business

July 24, 2024

Ryan Mac and Kashmir Hill

After Blake Benthall was arrested for running Silk Road 2.0, the infamous illegal drug bazaar, things didn’t go the way you might expect.
Read more: From Online Drug Lord to Crypto Entrepreneur, Blake Benthall Is Back in Business
business finance, economic history of california, federal deposit insurance corporation, Internal Revenue Service, labor, politics, silicon valley bank, taxation in the united states, Tech Industry, Tech News, the federal deposit insurance corporation

The US Government Is Suing Itself Over Silicon Valley Bank

February 13, 2024

Thomas Germain

Can’t we all just get along? Not if you’re an employee of the federal government. The Internal Revenue Service (IRS) just filed a lawsuit against the Federal Deposit Insurance Corporation (FDIC) over a $1.45 billion tax bill stemming from the bailout o…
Read more: The US Government Is Suing Itself Over Silicon Valley Bank
ana c reyes, charles littlejohn, Donald Trump, Elon Musk, Internal Revenue Service, jeff bezos, law crime, nicole m argentieri, propublica, tax returns in the united states, taxation in the united states, Tech Industry, Tech News, time person of the year

IRS Contractor Who Leaked Taxes of Trump, Musk, and Bezos Sentenced to 5 Years in Prison

January 29, 2024

Lucas Ropek

A single man is responsible for leaking the tax information belonging to Donald Trump, Elon Musk, Jeff Bezos, and others. Trump’s tax information was leaked to the New York Times and became the basis for a big story, while Bezos and Musk had their fina…
Read more: IRS Contractor Who Leaked Taxes of Trump, Musk, and Bezos Sentenced to 5 Years in Prison
business finance, danny werfel, free file, gizmodo, hr block, income tax in the united states, Internal Revenue Service, Intuit, tax preparation in the united states, tax return, taxation in the united states, Tech Industry, Tech News, Turbotax

The IRS Comes for TurboTax With Free ‘Direct File’ Service in 13 States Next Year

October 18, 2023

Maxwell Zeff

The Internal Revenue Service will offer a pilot run of its free, electronic tax filing service, called Direct File, in thirteen states for the 2024 tax season.Read more…
Read more: The IRS Comes for TurboTax With Free ‘Direct File’ Service in 13 States Next Year
Associated Press, corporate taxes, Internal Revenue Service, irs, Microsoft, Policy, SEC, Securities and Exchange Commission, tax disputes, taxes, Tech, Tech Industry, Tech News, transfer pricing, US treasury

Microsoft disputes $29B tax bill after “one of the largest” audits in IRS history

October 12, 2023

Benj Edwards

IRS ends epic 16-year tax probe and sends Microsoft the bill, but Redmond disagrees.
Read more: Microsoft disputes $29B tax bill after “one of the largest” audits in IRS history
Activision Blizzard, business finance, daniel goff, gizmodo, income tax in the united states, Internal Revenue Service, irs targeting controversy, irs tax forms, Tax Evasion, taxation in the united states, Tech Industry, Tech News

Microsoft May Owe $28.9 Billion in Back Taxes to the IRS

October 12, 2023

Nikki Main

On Wednesday, the Internal Revenue Service (IRS) notified Microsoft that it may owe $28.9 billion in back taxes, plus penalties and interest, from 2004 through 2013. The IRS says it believes that as of Sept. 30, its tax adjustments are correct and will…
Read more: Microsoft May Owe $28.9 Billion in Back Taxes to the IRS
Cars, clean vehicle tax credit, electric car tax credit, EV tax credit, federal tax credit, Internal Revenue Service, irs, Tech Industry, Tech News, used EV tax credit

Here’s how car dealers will pass on the $7,500 EV tax credit next year

October 10, 2023

Jonathan M. Gitlin

The credit will be transferable as long as it’s applied to the car’s purchase price.
Read more: Here’s how car dealers will pass on the $7,500 EV tax credit next year
Crypto, Customs and Border Protection, Cybersecurity, data security, immigration, Internal Revenue Service, Security, Tech Industry, Tech News

Security researcher warns of chilling effect after feds search phone at airport

September 27, 2023

Zack Whittaker

A U.S. security researcher is warning of a chilling effect after he was detained on arrival at a U.S. airport, his phone was searched, and was ordered to testify to a grand jury, only to have prosecutors reverse course and drop the investigation later….
Read more: Security researcher warns of chilling effect after feds search phone at airport
business finance, daniel werfel, earned income tax credit, income tax in the united states, Internal Revenue Service, irs targeting controversy, Tax Evasion, tax status of scientology in the united states, taxation in the united states, Tech Industry, Tech News

The IRS Is Using AI to Target the Ultra-Wealthy for Tax Violations

September 8, 2023

Nikki Main

The Internal Revenue Service (IRS) is adding artificial intelligence tools to crack down on potential tax violations, the agency announced on Friday. The IRS claims it will be focusing on wealthy taxpayers who have used “sophisticated schemes to avoid …
Read more: The IRS Is Using AI to Target the Ultra-Wealthy for Tax Violations
Artificial Intelligence, Federal Budget (US), High Net Worth Individuals, Inflation Reduction Act of 2022, Internal Revenue Service, Republican Party, Tax Evasion, Tech Industry, Tech News, United States Politics and Government, Werfel, Daniel I

I.R.S. Deploys Artificial Intelligence to Catch Tax Evasion

September 8, 2023

Alan Rappeport

The tax agency is opening examinations into large hedge funds, private equity groups, real estate investors and law firms.
Read more: I.R.S. Deploys Artificial Intelligence to Catch Tax Evasion

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