Ze Older Stuff

Turn in your boss: Make big bucks

The German Gestapo had a similar program…

Suspect your company’s cheating the IRS out of millions in taxes?

Turn in your boss: Make big bucks


Posted on June 19, 2004, By MARY DALRYMPLE | Associated Press

The proposed IRS Whistleblower Office is designed to give tax agents an inside advantage when fighting tax shelters developed for and used by wealthy taxpayers and corporations. It would go after individuals and corporations with more than $200,000 in income using shelters hiding $20,000 or more.

Informants who blow the whistle stand to win 15% to 30% of the recovered taxes and penalties if they contribute substantially to the case. Those who make lesser contributions can win up to 10%.

The chairman of the Senate Finance Committee, Charles Grassley (R-IA), modeled the office after the False Claims Act, which lets people file lawsuits against companies that defraud the government in arenas other than tax.

©2004 Spartanburg Herald-Journal


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