How a simple tech upgrade at the IRS could transform the economy

 When you apply for credit, you essentially ask a lender to evaluate your financial picture to make an informed decision about your approval, rate and terms. The information that lenders use primarily comes from two sources: you and private credit bureaus. This system is imperfect. It’s held back by outdated technology at the IRS. New legislation would change this. Read More

Coinbase must share users’ cryptocurrency data with the IRS

Coinbase will be forced to share the financial information of 14,355 users with the Internal Revenue Service (IRS), following a California federal court ruling. The move follows a year-long battle between the cryptocurrency company and the IRS, which…

Federal employees stole data from Homeland Security

Three employees of the inspector general's office for the Department of Homeland Security (DHS) are accused of stealing a computer system that contained around 246,000 employees' personal data. That information included names, social security numbers…

Judge rules NYPD needed a warrant before using cell-site simulator

A Brooklyn judge has ruled that because the New York Police Department (NYPD) used a cell-site simulator, also known by the brand name Stingray, to track down a murder suspect without a warrant, some evidence against the suspect will be thrown out. A…

IRS hands fraud prevention contract to Equifax despite massive hack

You'd think that government agencies would be reticent to work with Equifax given that it just exposed the private info of more than 145 million people through a preventable hack, but a massive data breach apparently isn't enough of a deterrent. The…

Court rules Stingray use without a warrant violates Fourth Amendment

Today, the Washington DC Court of Appeals overturned a Superior Court conviction of a man who was located by police using a cell-site simulator, or Stingray, CBS News reports. The court ruled that the defendant's Fourth Amendment rights were violated…

IRS warns that tax-related phishing scams are on the rise

According to the IRS, the amount of phishing scams targeting W-2 forms rose sharply this year compared to last. In 2016, around 50 companies and organizations fell victim to such scams while during this year's tax season, that number increased to aro…

Facebook says it shouldn’t pay back taxes from Irish loophole

Apple and Google aren't the only big tech companies fighting against requests to pay back taxes they allegedly racked up through loopholes. Filings obtained by Ars Technica show that Facebook is resisting the IRS' request for taxes owed after the soc…