Tax fraud or evasion is a serious issue. If you know that a certain entity, individual or business, is trying to do these, it is time to take action. You can directly report these activities to IRS (Internal Revenue Service). However, if you want to understand the implications of your actions, it is better to consult a lawyer first.
When you report a tax fraud or evasion, the IRS initiates an investigation to find out the truth. It is of further help if you can furnish proof to support your reporting. If IRS investigators and auditors find the existence of tax fraud/evasion, they attempt to collect the tax, the interest and the penalties from the entity.
As per tax laws, you become eligible for a monetary reward if the collected amount was $2 million or more from the business entity. If it is an individual, his/her gross income needs to be more than $200,000. After the collection of the amount, you may be able to get a reward of 15-30% of the amount collected.
An IRS whistleblower lawyer can help you file a report with the authorities within the deadline. Moreover, he can ascertain that you get the right reward for your action.
Nancy on October 29th 2010 in Tax
A corporate lawyer is a lawyer who specializes in corporations law for a company, and according to Black’s Law Dictionary, in the U.S. a company means “a corporation – or, less commonly, an association, partnership or union – that carries on industrial enterprise.”
Like any other lawyer you will have to hold a graduate degree in law. After completing four years in a law school you need to specialize in corporate law. It takes three years to complete a course in a specialized law school. Hampton has got plenty of renowned law schools such as DeVry University, Cooper Magnet Elementary School, Keller Graduate School of Management and the list goes on. You can get admitted to any of them
With proper experience, a corporate lawyer should start practice in their chosen aspect of the law industry. These professionals mainly handle responsibility in larger law offices or legal departments of companies, authorized bodies, branches or government departments. A New Mexico corporate attorney having an experience of about 5-10 years can completely work single-handedly and successfully execute an independent office. Rates of compensation may vary from person to person, mainly on the basis of exposure in the different industries and areas of specialization.
Nancy on October 29th 2010 in Business law