Treasury

IRS Taxpayer Advocate Says Congress Shortchanged IT Modernization Efforts

Lawmakers didn’t allocate the $80 billion provided to the IRS in the right way, claims National Taxpayer Advocate Erin Collins, adding that IT modernization and taxpayer services aren’t getting the money they need.

5 Foreign Nationals Tried to Ship U.S. Military Tech to Iran, Per Justice Indictments

The Departments of Justice and Treasury have taken coordinated actions against several foreign nationals for conspiracy to export sensitive military technology.

Treasury's System Tracking Federal Debt Still Needs Security Improvements, GAO Says

The watchdog found continued “information system control deficiencies,” despite Treasury’s progress on prior recommendations.

How International Acquisitions Can Become a Cybercrime Frontier

Public entities like the FBI and Department of Treasury are carefully monitoring international business transactions as potential backdoor threats to U.S. national security.

IRS Plans to Approve Use of Login-dot-gov as Tax Day Nears

The tax agency intends to add Login this filing season—and as early as next week—as the integration is in final rounds of testing.

IRS CIO Moving to Treasury CTO Post

Jeff King, currently deputy chief information officer at Treasury, will be taking on the role of acting CIO at the IRS.

TMF Invests Over $40M to Improve Cybersecurity and Digital Services

The Technology Modernization Fund’s most recent investments will go to the Social Security Administration, the Treasury Department and the U.S. Agency for Global Media.

Biden’s IRS Pick Says He Wants to Move Agency’s Systems into the 21st Century

Nominee for IRS commissioner Danny Werfel, a self-professed “government geek,” talked customer experience, cybersecurity and IT modernization with senators at a Wednesday hearing.

IRS Names Advisors on Possible Government-run Direct Filing System for Taxpayers

The IRS tapped New America to report on the feasibility of a free, public-facing IRS-hosted tax filing infrastructure for ordinary taxpayers.

US and UK Join Forces to Sanction Russian Hackers

Members of cybercrime group Trickbot, which favors deploying ransomware on critical infrastructure, were handed sanctions in the first-of-its-kind collaboration between U.S. and U.K. agencies.

GAO: IRS Not Capturing the True Cost of its Legacy IT Footprint

An oversight report requested by Rep. Gerry Connolly found that the tax agency lacks timelines for decommissioning decades-old legacy systems and isn't tracking how much they are paying for upkeep of out-of-date software.

Treasury Looks for New Tech to Prove Physical Money is Legit

The counterfeit detection methods could include both device assisted and non-device assisted features.

FinCEN to Treat Digital Asset Regulation as a 'Key Priority,' Director Says

As digital currencies and assets continue to go unregulated, federal law enforcement is actively engaged in developing guidance to prevent financial crime.

Agencies Push Deadline to Comment on Would-Be Federal Cyber Insurance Program

Insurance companies are pushing for taxpayer assistance to provide coverage in the event of catastrophic incidents.

IRS Seeks New Enterprise File Storage System

As part of the agency’s ongoing modernization efforts, it issued a request for information for a new enterprise file storage system

Compliance First, Penalty Second as Feds Implement Crypto Regulations

Officials within federal law enforcement described the critical role private sector communication will play in developing digital asset regulatory guidance.

Lawmakers Question Revolving Door Between Government and Crypto Industry

A group of Democratic lawmakers issued letters to several financial regulatory agencies in a bid to examine the growing trend of former public servants working for digital asset companies.