It’s time for another edition of FUN FACT FRIDAY where we bring you the random, the fun, and the factual. Every Friday, we’ll be sharing some of our favorite tax facts. Get ready to be pleasantly surprised!
1 – The IRS’ Criminal Investigation (CI) branch investigates tax and money laundering. CI special agents have badges and can carry firearms. Who said that IRS agents just sat at desks and issued audit letters all day?
2 – The very first Apollo 13 “emergency” started when astronaut John Swigert radioed Huston, panicking that he had forgotten to file his income taxes. Flight Director Glynn Lunney assured him that Americans out of the country got a 60-day extension on filing.
3 – During a 2015 report, it was discovered that 61% of IRS employees were caught cheating on their taxes. In 2017, more than half of those employees who were caught intentionally violating tax laws were allowed to keep their jobs. Go figure!
4 – The IRS’ preferred method of initiating contact with taxpayers is via snail mail. According to the IRS Tax Scams and Consumer Alerts site, the IRS doesn’t initiate contact with taxpayers by email, text messages or social media channels to request personal or financial information. Sadly enough though, innocent taxpayers continue to get tricked by phoney IRS scams. In May 2016, the U.S. Treasury Inspector General for Tax Administration announced the arrests of 5 culprits who allegedly pocketed almost $2 million in schemes involving impersonating the IRS.