India, Feb. 28 -- The Internal Revenue Service (IRS) has launched a new centralized system that allows taxpayers report tax fraud and other illegal activities more easily online.

Older reporting systems are under pressure as a result of the rise in tax fraud and scam reports in recent years. According to the IRS, the new hub will enable the agency to better utilize the data it gets.

Taxpayers used to frequently have to go to several pages or complete separate forms based on the kind of fraud or scam they wished to report. According to the IRS, this structure made reporting challenging and slowed down the processing of tips.

The new system aimed to make it easier for tippers to play an active role in stopping any fraud, reducing process...