The New IRS Whistleblower Reward Program Pays Millions For Reporting Tax Fraud

Not many of us know that every year a person paysyou are working for is cheating on taxes and you
$1,000 more because someone else is cheating andknow it is more than $10 million, you can be the first
not paying proper taxes. There is nothing muchperson to report it to the IRS. The IRS will immediately
anyone can do about it including the IRS. The IRS isstart investigating and they will collect the back taxes
taking a whole new approach towards the situationand also fine the company. You get about $2 million to
and now they have come up with a one million dollars$3 million as the reward for reporting the tax evasion.
reward for whistleblowers. The IRS gets cheated toAlso your identity will be kept confidential and you can
the tune of $350 billion every year throughget a witness protection program. Your name is never
non-payment of taxes.going to be revealed even if you have secured
If you report tax evaders, then the IRS rewards youyourself a $100 million reward. However, the process is
well. There is no limit on the amount you can receivenot as simple as calling a hotline number and reporting
for reporting tax frauds. It can be even $100 million.it. There is a standard procedure to follow and the
However, there should be truth in what you arepeople within the IRS department will help you out if
reporting and if the person really owes taxes, then theyou need more information on this.
IRS rewards you. For example, if the company that