IRS Whistleblower-Get a Big Informant Reward/Safe-Former IRS Agents-Make money from tax cheats

May 8, 2011
Written by: steve

Fresh Start Tax LLC       A Professional Tax Firm     “A” Rated by the Better Business Bureau    Since 1982

You can make huge sums of money from the IRS by turning in TAX CHEATS who deserved to be punished. While most American pay their fair share of taxes, others who deceive and fraudulently fail to pay their taxes drive up our tax rates. These corporations and individuals deserved to be punished and you can handsomely be rewarded from the IRS.

Call us today for a free consultation. We can help you through the maze of paper work and get you the high settlement award possible.

Whistleblower – Informant Award

The IRS Whistleblower Office pays money to people who blow the whistle on persons who fail to pay the tax that they owe. If the IRS uses information provided by the whistleblower, it can award the whistleblower up to 30 percent of the additional tax, penalty and other amounts it collects.

Who can get an award?

The IRS may pay awards to people who provide specific and credible information to the IRS if the information results in the collection of taxes, penalties, interest or other amounts from the noncompliant taxpayer.

The IRS is looking for solid information, not an “educated guess” or unsupported speculation. We are also looking for a significant Federal tax issue – this is not a program for resolving personal problems or disputes about a business relationship.

What are the rules for getting an award?

The law provides for two types of awards. If the taxes, penalties, interest and other amounts in dispute exceed $2 million, and a few other qualifications are met, the IRS will pay 15 percent to 30 percent of the amount collected. If the case deals with an individual, his or her annual gross income must be more than $200,000. If the whistleblower disagrees with the outcome of the claim, he or she can appeal to the Tax Court. These rules are found at Internal Revenue Code IRC Section 7623(b) – Whistleblower Rules.

The IRS also has an award program for other whistleblowers – generally those who do not meet the dollar thresholds of $2 million in dispute or cases involving individual taxpayers with gross income of less that $200,000. The awards through this program are less, with a maximum award of 15 percent up to $10 million. In addition, the awards are discretionary and the informant cannot dispute the outcome of the claim in Tax Court. The rules for these cases are found at Internal Revenue Code IRC Section 7623(a) – Informant Claims Program, and some of the rules are different from those that apply to cases involving more than $2 million.

If you decide to submit information and seek an award for doing so, use IRS Form 211. The same form is used for both award programs.

Submission of Information for Award under 7623 (a) or (b)

All whistleblower claims must be submitted under penalty of perjury.

Filed Under: IRS Tax Advice | Tax News
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