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Paul Greaney is an NTD news anchor and producer. Since joining the company in 2018, he has anchored the station’s flagship Evening News broadcast, launched the NTD Business show, and produced documentary reports on pointed issues. 

The highlight of Paul’s time in the field was his coverage of the Hong Kong pro-democracy protests in 2019.

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Fast, compelling, first-hand news from China. China in Focus airs Monday–Friday at 8 p.m. ET.

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Reuters is a news agency owned by Thomson Reuters. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide writing in 16 languages.

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We present news that is truthful and based on facts, outside of the political fog. Instead of focusing on the negative things happening around us, our mission is to give our viewers a good morning with empathetic and uplifting stories. Our aim is to provide an antidote to negativity by shining a light on the best side of people. We speak to inspiring people who positively impact communities, pursue topics that represent our common human values, and will never miss an opportunity to bring you heartwarming stories.

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Juliet Song is an international correspondent exclusively covering China news for NTD. She primarily contributes to NTD's "China in Focus," covering U.S.-China relations, the Chinese regime's human rights abuses, and domestic unrest inside China.

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Ryan Morgan is a reporter for The Epoch Times focusing on military and foreign affairs. He was previously a news writer for NTD. 


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Mari Otsu is NTD's White House correspondent based in Washington. 

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Allen Zhong is a long-time writer and reporter for The Epoch Times. He joined the Epoch Media Group in 2012. His main focus is on U.S. politics. Send him your story ideas: allen.zhong@epochtimes.nyc

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Daniel Monaghan is a reporter for NTD News covering culture, social issues, and education. He holds a BA in Political Science and Government.

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The Internal Revenue Service (IRS) said it would increase enforcement in the area of digital asset transactions and listed transactions.

The federal agency identified certain transactions to have high-risk issues in noncompliance and vowed to ramp up enforcement in those transactions.

“The IRS tracks many known, high-risk issues in noncompliance, such as digital asset transactions, listed transactions and certain international issues. These issues arise in multiple taxpayer segments, and data analysis shows a higher potential for noncompliance,” the tax agency wrote in its newly-released funding plan (<a href="https://www.irs.gov/pub/irs-pdf/p3744.pdf">pdf</a>).

“We will prioritize resources to increase enforcement activities, including criminal investigation as appropriate,” the agency added.

According to the plan, the IRS will develop the information platform to support digital asset reporting and analytics tools to increase digital asset compliance in the fiscal year 2024, which is between April 1, 2023, and March 31, 2024.

<a href="https://www.irs.gov/businesses/small-businesses-self-employed/digital-assets">Digital assets</a> include convertible virtual currency, cryptocurrency, stablecoins, non-fungible tokens (NFTs), and other digital representations of value, according to the IRS website.

The IRS treats digital assets as property and requires taxpayers to report taxable gains or losses from digital asset transactions.

As it’s difficult to identify the owners of digital assets, U.S. judges allow the IRS to use “<a href="https://www.justice.gov/opa/pr/court-authorizes-service-john-doe-summons-seeking-identities-us-taxpayers-who-have-used-1">John Doe summons</a>” to seek the identities of taxpayers of interest.
<h2>Individuals Earning $400,000 or More Targeted</h2>
The IRS released details Thursday on how it plans to use an infusion of $80 billion for improved operations, pledging to invest in new technology, hire more customer service representatives, and expand its ability to audit high-wealth taxpayers.

The plan lays out the specifics of how the IRS will allocate the $80 billion of funding—from fiscal year 2024 to 2031—that was approved through legislation.

Some improvements have been long expected, such as bringing more paper-based systems online and answering taxpayers’ phone calls promptly. Others are more ambitious: continuing to explore ways to create a government-operated electronic free-file tax return system, for example.
<figure id="attachment_4733741" class="wp-caption alignnone" style="width: 3000px;">

Treasury Secretary Janet Yellen testifies about the Biden Administration's FY2024 federal budget proposal before the Senate Finance Committee in the Dirksen Senate Office Building on Capitol Hill in Washington on March 16, 2023. (Chip Somodevilla/Getty Images)

<figcaption class="wp-caption-text"></figcaption></figure>
After Congress passed legislation for the funding last summer, Treasury Secretary Janet Yellen directed the IRS to develop a plan outlining how the tax agency would overhaul its technology, customer service, and hiring processes. Her memo sent instructions to IRS leadership not to increase audit rates on people making less than $400,000 annually.

During a call with reporters, Treasury Deputy Secretary Wally Adeyemo said the plan “is heavily driven by the fact that we need to make technology investments that will improve productivity, which will mean that over time the number of employees and the mix of employees at the IRS will change.”

Officials are promising not “to raise audit rates on small businesses and households making under $400,000 per year, relative to historic levels.” The report says more than half of the new money—$45.6 billion—will be devoted to pursuing high-wealth individuals and companies.

“Given the size and complex nature of these tax filings, this work often requires specialized approaches, and we will make these resources available,” the report said. “We will use data and analytics to improve our understanding of the tax filings of high-wealth individuals.”

<em>The Associated Press contributed to this report.</em>

<em>From <a href="https://www.theepochtimes.com/irs-to-prioritize-enforcement-including-criminal-investigation-for-certain-assets_5181321.html">The Epoch Times</a></em>

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IRS to Prioritize Enforcement Including Criminal Investigation for Certain Assets