Do You Have Information on IRS Tax Evasion Through Foreign Bank Accounts, Companies or Schemes?
The MahanyLaw Offshore Tax Team has More Offshore Experience than Any Other Whistleblower Law Firm.
Welcome to our Offshore Tax Fraud page. We are a leading international whistleblower law firm. No other whistleblower lawyers in the United States have more offshore tax experience. None. We use that experience to help whistleblowers put a stop to fraud and to earn the maximum whistleblowers awards permitted by law.
If you have information about a company evading taxes offshore (foreign), you may be eligible for the IRS whistleblower program and can earn a cash reward. Call the MahanyLaw offshore tax team for a confidential discussion of your options – no call center or answering service ever. 202.800.9791 or Report Online
IRS Offers Million Dollar Awards to Offshore Tax Whistleblowers
Did you know that the highest whistleblower award ever paid in the United States was paid by the IRS in an offshore tax fraud case? $102 million dollars.
The IRS pays awards between 15% and 30% of whatever taxes, interest and penalties are collected from the wrongdoer. To qualify for an award, the amount owed to the IRS must exceed $2 million. If the taxpayer is an individual, his or her gross income must exceed $200,000.
Since 2007, the IRS has been aggressively pursuing taxpayers evading taxes through the use of offshore accounts. U.S. law doesn’t prohibit the use of foreign bank accounts but it does require individuals and businesses to annually report those accounts and any offshore income. Failure to report is a felony and can lead to huge whistleblower awards.
What Offshore Reporting Schemes Qualify for a Whistleblower Reward?
IRS whistleblower awards can be paid for many different offshore reporting schemes including:
- Opening or maintaining an unreported foreign bank account
- Failing to file an FBAR (Foreign Bank Account and Financial Acct.)
- Unreported foreign annuities
- Unreported captive insurance companies
- Improper use of foreign trusts, corporations or LLCs
- Improper use of International Business Companies (IBC)
- Unreported offshore brokerage or precious metal accounts
- Using sham / nominee / shell corporations with no legitimate business purpose
- Use of foreign loans or entities to hide or shield income
- Unreported offshore income
- Abusive foreign trust schemes
- Offshore tax evasion schemes
- Banks, trusts companies and others that help Americans evade taxes
If you have information on a company or person committing any or some of these offshore tax evasion schemes, call an experienced MahanyLaw offshore tax lawyer for a confidential discussion of your options as a whistleblower: 202.800.9791 or Report Online
Foreign Bankers, Trust Company Employees & Others Come Forward
The IRS has collected over one billion dollars from foreign banks that have helped Americans hide their assets from the IRS. This is in addition to over $6 billion collected from taxpayers themselves. $3.7 billion has been collected as the result of whistleblower tips since 2007.
Workers at foreign banks and trust companies are in a unique position to blow the whistle. We understand that there may be privacy laws in other countries that prevent such disclosures. That is something that we can help you navigate and make an informed decision. (The IRS now keeps most whistleblowers names confidential providing an extra layer of security.)
Worried that you helped taxpayers open foreign accounts? Ever since the prosecution of UBS whistleblower Bradley Birkenfeld, the IRS and Justice Department have been more open to immunity offers. Once again, if you are in that situation, we can help you navigate the troubled waters and better insure that you both avoid prosecution and collect an award.
Unfortunately, doing nothing doesn’t make the potential criminal exposure go away. Would you rather have an award and the satisfaction of knowing you did right or spend years in fear looking over your shoulder?
Anyone with Tax Evasion Information Can be a Whistleblower
You don’t have to work at an offshore bank or have information about unreported foreign income to earn an award. The IRS can and does pay awards for many different types of tax schemes. Companies that have:
- Double books
- Tax evasion
- Unreported income
- Bogus tax shelters
- False tax returns
- Companies paying workers under the table
If someone is intentionally not reporting or paying taxes and you are the first to report the illegal conduct, you may be entitled to an award.
If you think you have information that may be useful to the IRS, give us a call. All inquiries are strictly confidential and protected by the attorney – client privilege. We understand IRS whistleblower cases, understand how the IRS works, and how to best present your information to maximize both your chances of receiving a cash award and also the amount of that reward – 202.800.9791 or Report Online.
*A word about FBAR Whistleblowers… Until February 2018, the law was a bit unclear as to whether whistleblowers could collect a reward for providing information about unfiled FBARs. Since those penalties are often far in excess of $100,000, the rewards in FBAR cases can be huge. Despite what you may read on the Internet, awards are available for unreported FBARs, please visit our FBAR whistleblower reward page for more details.