Be familiar with the IRS Whistleblower law and get the award
The IRS whistleblower program is available since 1867 to the citizens. The law permits the Treasury Department to provide financial support for the information that result in the collection of taxes payable and penalties, from those who violate the tax code. The IRS should use the information to amass the payable taxes and penalties for the whistleblower to get an award.
Public can always give information to the IRS concerning disobedience with the tax law, however the whistleblower law will pay if the information is used to accumulate taxes and penalties from the delinquent.
An analyst from the IRS whistleblower office will decide whether the provided information is valid or not according to the IRS.
The IRS gives awards for the correct information regarding the amounts of at least two million dollars or individuals with a gross income of two hundred thousand dollars or more. For those who have given the information does not meet the requirements, the IRS has an informer program that lids the award @ 15 percent, consistent with the IRS.
The Citizens may proffer information to the IRS exclusive of the benefit of an award but the IRS will keep the identity of the anonymous in every case when possible.
Nancy on August 31st 2010 in Tax