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.

Comments

Leave a Reply

Please log in using one of these methods to post your comment:

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
Register To Win Tix To SOLD OUT EBH2Make sure you are in the audience for The Chainsmokers at EBH2. Register now!

Listen Live