April 22, 2013 12:17 pm

Can the IRS Read Your Email?

Are your personal and business emails private? Last week the IRS indicated to members of Congress that it had the authority to read them. In a statement issued on April 22, 2013, the IRS clarified the scope of this authority:

“Where the IRS already has an active criminal investigation and seeks to obtain the content of emails from an Internet Service Provider (ISP), we obtain a court ordered search warrant. It is not the IRS policy to seek the content of emails from ISPs in civil cases.”

Source: IRS statement 4.22.13

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Tax Glossary

Appreciation in value

Increase in value of property due to market conditions. When you sell appreciated property, you pay tax on the appreciation since the date of purchase. When you donate appreciated property held long term, you may generally deduct the appreciated value.

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