IRS Whistleblower Program Pays Cash Rewards
The MahanyLaw Tax Team Helps Whistleblowers Report Cases of Federal Tax Underpayment or Evasion and Apply for an IRS Whistleblower Cash Reward.
Do You Have Information on Federal Tax Evasion or IRS Underpayments of $1 Million or more by a Business? The IRS says tax fraud costs $658 billion per year. And for every dollar that someone doesn’t pay, the rest of us have to make up the difference.
The Internal Revenue Service IRS Whistleblower Program was enacted in 2006 to help close that gap. Part of the Tax Relief and Health Care Act, the law pays cash rewards to whistleblowers who report tax payment violations. Whistleblowers can receive a reward of 10-30% of any amount recovered in a verdict or settlement.
Companies that underpay or avoid paying federal taxes cost the U.S. taxpayers billions each year. If you select have inside (non-public) information on the intentional or unintentional underpayment of taxes, you have an opportunity to recover these unpaid tax dollars for the taxpayers and can be eligible to collect a significant cash reward for uncovering the fraud.
In 2013, the IRS paid a collective $53 million in whistleblower awards out of a $367 million tax dollar recovery as a result of tips provided. The first major IRS reward was for $104 million, paid in 2012 to a banker who uncovered information on Swiss banks helping Americans evade taxes. Since then, tips have been steadily pouring in.
The IRS Whistleblower Program has been so successful that between 2007 and 2018, the government has collected $3.6 billion in taxes thanks to tips.
If you know of a company committing tax fraud, you may be eligible for the IRS whistleblower program’s cash award. Contact MahanyLaw Tax Fraud Whistleblower Team for a no-fee, absolutely confidential, consultation: 202.800.9791 or Report Online
What Types of Tax Fraud Qualifies for a Reward?
Tax fraud may include any intentional or unintentional underpayment of taxes, ranging from the use of foreign tax shelters and elaborate tax evasion schemes to simple misinterpretations of tax laws or accidental underpayment or miscalculations. The IRS concentrates on many forms of tax fraud including the following, among others:
- Tax return falsification
- Income deferral or misrepresentation
- Misrepresented or overstated deductions
- Employee leasing schemes or paying employees in cash
- Misrepresentation of transfer pricing data
- Accounting fraud
- Securities fraud
- Improper tax credit usage
- Abusive advance fee or royalty payments
- Money laundering
- Abusive tax shelters or illegal tax shelters
- Abusing foreign tax credits
- Foreign jurisdiction “loophole” schemes
- Evading motor fuel excise taxes
- Improper or fraudulent property valuations
- Unreported foreign income or offshore accounts
- Unfiled FBAR forms (Report of Foreign Bank and Financial Accounts)
What are the Requirements to Qualify for an IRS Cash Whistleblower Award?
In order to qualify for an whistleblower reward, you will need specific and credible knowledge of tax fraud that leads to an IRS investigation. Whistleblowers are not necessarily required to obtain direct evidence or detailed data. Any knowledge of individual or business participation in federal tax fraud is valuable and may be sufficient to file a claim.
Also, the whistleblower need not be a US citizen to be eligible for the IRS reward.
Find out if your tax fraud information qualifies for an IRS whistleblower reward. Connect with Brian Mahany and the MahanyLaw team now for a private, no-fee consultation: 202.800.9791 or Report Online.
How Does the IRS Determine the Whistleblower Cash Reward Amount for Reporting Tax Fraud to the IRS?
According to the Internal Revenue Service’s Whistleblower Office, the amount of the whistleblower reward is determined based on the degree of the whistleblower’s information, his or her contribution to the investigation and the recovery amount.
If the IRS’s financial recovery – including taxes, penalties and interest – is greater than $2 million, the whistleblower award may range from 15-30% of the recovery amount. If the whistleblower does not meet the $2 million prerequisite for taxes, penalties and interest, the IRS whistleblower reward can include up to 10% of the financial recovery to a maximum of $10 million.
MahanyLaw tax lawyers and expert investigators prepare a detailed and complete case for the IRS before filing your IRS whistleblower report, maximizing your claim’s potential for IRS investigation and your cash whistleblower reward potential.
Maximize your whistleblower reward and ensure your claim is well-investigated, well-packaged, and well-advocated. Call the experts in IRS tax fraud and whistleblower laws. Brian Mahany and the MahanyLaw team are available today for a private, no-fee consultation: 202.800.9791 or Report Online
What is the Process for Reporting Tax Fraud and Collecting a Tax Fraud Whistleblower Reward?
The preparation of whistleblower claims reporting tax fraud under the IRS whistleblower program involves complex and involved procedural requirements. The IRS has limited resources and is highly selective as to the claims that proceed to investigation.
It is imperative with federal tax fraud claims that the whistleblower obtain an experienced and highly-qualified legal representative to assist in the preparation of the claim and to ensure the claim enters the proper channels to maximize the odds of an IRS investigation.
Brian Mahany, a veteran whistleblower lawyer with America’s largest whistleblower case recently to his credit, has an extensive background in tax and complex whistleblower case litigation. MahanyLaw whistleblower tax lawyers are highly-skilled and practiced in IRS whistleblower law and have the resources and experience essential to preparing the most complex tax fraud claims for the IRS Whistleblower Program.
Mr. Mahany is a former revenue officer, agent and tax prosecutor as well as serving as state revenue commissioner for 4 years. His team also has a just retired IRS criminal special agent. The Mahany team knows what the IRS and prosecutors want, that gives them a distinct advantage over other whistleblower firms – an inside advantage born of years of experience.
If you are the first to report tax fraud and can prove your case (often with the help of our investigators), The Mahany Law Firm’s whistleblower and fraud recovery expert attorneys may file an claim on your behalf spotlighting the underpayment or fraud and seeking an IRS whistleblower reward of anywhere from 10-30% of any money recovered by verdict or settlement.
Timing is everything in Reporting Tax Fraud to the IRS and Collecting the Maximum Cash Whistleblower Reward
Reporting information on tax underpayment as soon as possible is critical in an IRS whistleblower claim. The Whistleblower Program’s statute of limitations requires that you file your whistleblower claim within three years from the time the fraudulent tax return was filed. A number of circumstances exist that may extend this time frame and you may still be eligible for an IRS whistleblower reward after that period, however it is still important to act quickly. If the IRS discovers the underpayment prior to your report, or if someone else reports the violation before you, you may no longer be eligible for the whistleblower reward or may cause a significant reduction in your cash award.
The Mahany Law Firm Proven Process Maximizes IRS Whistleblower Claims
Our process involves investigating and preparing the best possible case before filing a whistleblower action and our federal tax law expert attorneys understand the rules and realities of the IRS whistleblower program and the many types of tax fraud.
We look forward to explaining how our process and proven strategy can work for you to package and file your claim to maximize the potential cash award.
Call today to speak with a Mahany Law Firm Attorney in a no-fee confidential consultation: 202.800.9791 or Report Online