Uncle Sam Wants You To Rat Out Your Friends
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.