Bohemia, NY (PRWEB) April 13, 2013
On April 13, 2013, Rapid Recovery Solution responds to industry rumors that the Internal Revenue Service (IRS) will be pursuing investigative efforts on the social media activity of taxpayers with “flagged” accounts.
According to a recent article on Fox Business, tax cheats may be putting themselves at risk if their social media posts don't jibe with their reported income. It is rumored that the Internal Revenue Service plans to peruse taxpayers' personal information on social networks like Facebook and Twitter as part of its ongoing habit of scouting for tax cheats.
Senior judicial analyst Judge Andrew Napolitano suggests that “as shady as it might seem, it might be perfectly legal.” The IRS's activities with respect to collecting information about taxpayers' activity is protected by stringent privacy statutes, but since the forum of social media is a public one, the agency's investigative team would be within the its rights by collecting individuals' information on social platforms.
“If you claim a deduction on your income tax returns, but the lifestyle you lead has manifested in social media that is inconsistent with that deduction, that would be a red flag and it would cause the IRS to dig a little deeper,” said Napolitano.
It has been claimed that the extra scrutiny will only be applied to individuals already under suspicion of fraud by the agency, reports the article.
John Monderine, CEO of the accounts receivable collection agency Rapid Recovery Solution, comments on the IRS' alleged plans. “The IRS has actually denied these rumors, saying that audits will continue to be based on a person's tax return and will not incorporate social media data. Whether or not the reports are true is immaterial – the agency would be well within their legal rights to use publicly available information about taxpayers who are already 'flagged' for one reason or another. It's not a moral issue, but the natural result of a digital culture with people who share personal information way too freely with little regard for the consequences.”
Monderine says that any debt collectors and police departments are making use of the same approach. “Crawling for public social media data is fairly non-invasive, perfectly legal, and helps us get at the truth so that everyone can be protected. The clever tax fraud would probably use their illegal windfall to hire a social media agency to keep themselves out of the spotlight,” he quipped.
Founded in 2006, Rapid Recovery Solution, Inc. is headquartered at the highest point of beautiful Long Island. Rapid Recovery Collection Agency is committed to recovering your funds. We believe that every debtor has the ability to pay if motivated correctly. We DO NOT alienate the debtors; we attempt to align with them and offer a number of ways to resolve not only your debt but also all their debts.