by Brian Mahany The headline on the front page of the Weekend Investor section of today’s Wall Street Journal reads “Should You Blow the Whistle on Your Neighbor?” Apparently some 10,000 people have done just that according to the IRS. Turning in tax cheats in the hopes of getting a cash reward is nothing new. […]
Islamic Banks Next Target of IRS? (IRS Whistleblower Rewards Post)
[Arabis translation below – الترجمة العربية أدناه] Beginning in 2007, the IRS began cracking down on Americans and other U.S. taxpayers with unreported foreign accounts. Owning an offshore account isn’t illegal but failing to report the account is. First, Swiss banks began to be the targets. The government accused UBS and several other Swiss banks […]
Tax Avoidance Schemes and Whistleblower Rewards
Hiding Money from Uncle Sam? Don’t! Every failed tax scheme started with folks who didn’t think they would get caught. And many of the people who end up in prison are pretty smart people. Doctors, lawyers, business executives and even billionaires. Each thought they had a foolproof idea. Many of those ideas involve tax avoidance […]