(Bloomberg) -- The IRS opened 19% fewer criminal investigations in fiscal 2014 than in the previous year, reflecting a decrease in budget and staffing, according to the agency.

IRS agents initiated 4,297 investigations in 2014 compared to 5,314 in fiscal 2013, according to an annual report by the Criminal Investigation Division released Tuesday. The agency builds cases involving tax fraud, identity theft, questionable refunds, money laundering and other crimes.

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