Every year, nearly $300 billion in taxes are under-reported to the Internal Revenue Service (IRS).
Whistleblowers that provide specific and credible information about tax fraud or tax underpayments that leads the IRS to recover at least $2 million in unpaid taxes, interest and penalties is entitled to an award of between 15% and 30% of the amount recovered.
Any individual, whether a citizen of the United States or not, can be a whistleblower under the IRS Whistleblower Program. To receive an award, the person wishing to expose the tax violation must meet several conditions to qualify for the program.
Here are three most essential conditions you need to know about:
- Tax Amount:In order to qualify for a reward, you must provide information on tax fraud or tax underpayments that total $2 million or more in combined taxes, penalties, and interest.
- Annual Income:In cases of individuals, the individual taxpayer’s gross annual income must exceed $200,000 during the year the tax was due.
- Reward Amount:The reward ranges between 15-30% of the amount the IRS collects and depends on the quality of proof that you present to the IRS.
If you are thinking about reporting significant federal tax fraud to the IRS, you should immediately speak to our skilled IRS whistleblower attorney.
We will help you understand the requirements and conditions that need to be satisfied in order to be eligible for an award under the IRS Whistleblower Program.
Do You Have a Good Whistleblower Case?
Good IRS whistleblower cases primarily include whistleblowers having insider information and extensive documentation to support their claims.
When you report tax fraud, you need to ensure the IRS takes action. To help you achieve this, we work with the best experts to support your whistleblower case. We help you build a strong case before submitting it to the IRS Whistleblower Office on your behalf.
Even though there are a number of tax fraud schemes, good IRS tax whistleblower cases generally involve one or more of the following three tax scenarios:
- Non-filing:It occurs when a taxpayer, intentionally or negligently, fails to file a tax return on time.
- Underreporting:It occurs when a taxpayer understates their income or overstates their deductions, exemptions and credits on their return.
- Underpayment:It occurs when a taxpayer files their return but fails to pay the sum due on time.
Choosing The Right IRS Whistleblower Attorney
Tax fraud whistleblower cases are complex. To maximize your tax reward, you should always seek legal advice from an experienced IRS whistleblower attorney.
The IRS pays awards only to those individuals who are first to file a whistleblower claim. This implies that if you file your whistleblower claim even one day after another whistleblower files the same case, you may miss out on your whistleblower reward. Hence, if you are thinking about blowing the whistle, you should speak with an experienced IRS whistleblower lawyer right away.
JTB Law Group’s track record of taking on major corporations and the firm’s national reach make us a valuable advocate to have on your side, if you choose to blow the whistle.
If you have information about a tax law violation that you are considering reporting to the IRS, call us at (877) 561-0000 to speak with a law firm that handles IRS whistleblower cases across the nation.