101.9 AMP Radio High School Takeover: Click Here To Register Your School NOW!!!

Uncle Sam Wants You To Rat Out Your Friends

uncle sam costume

(Photo by Spencer Platt/Getty Images)

What would you do if you were offered money to turn in someone you know owes the government back taxes?

In late 2006, the IRS came to a brilliant realization: Most people would happily send another person to prison for the right price. So, they got a law passed that says: If you turn in a tax cheat, you’re guaranteed 15% of what the IRS recovers. The law took effect in 2008 and now, a few years later, the IRS is happy to report that it’s working TO PERFECTION.

The IRS’s whistle blower office is getting about 40 to 50 tips a month on potential tax cheats . . . which they say is a quote, “dramatic jump” since the law passed. But under the new law, they only want cases where they’re being shorted $2 MILLION or more . . . so you shouldn’t report your next-door neighbor just because he’s writing off family dinners at Olive Garden as a business expense. But if you do tip them off on a big-money tax evasion case and they make a successful bust, you’ll get at least 15% and up to 30% of what they recover . . . depending on how good the info is.


Leave a Reply

Fill in your details below or click an icon to log in:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From 101.9 AMP Radio

Get The App
Win Tickets To See Kanye WestJill has your tickets to see Kanye in her purse!

Listen Live