The IRS’s criminal investigation unit hasn’t always followed its own rules when seizing and safeguarding digital assets, the agency’s watchdog found.
When a digital asset is seized, it must be captured in a memo for tracking purposes. The IRS didn’t complete the memorandums for all seizures and some information was left out of the memos that were completed, the Treasury Inspector General for Tax Administration said in a report Thursday. The review period was December 2023 through January 2025.
TIGTA made six recommendations to improve the process for safeguarding seized digital assets; the IRS agreed with five and partially agreed ...
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