2010 tax returns are the first year in which certain large corporations must self report uncertain tax positions it has taken on its returns. The IRS will look at these and will quickly approve or disapprove the tax positions. Some employees and accountants see this as an opportunity to file a Claim with the IRS for Tax Whistleblower Reward since the ...
Should the Tax Whistleblower hire an attorney or a law firm?
Of course the answer is simple. Always hire the attorney....as well as the law firm.
Insist that the Agreement be between you (the tax whistleblower) and the Attorney, not simply you and the law firm.
Keep in mind that in most cases the law firm is simply an artificial entity and does not ...
What can a good great Tax Whistleblower Attorney ("TWA") add to my case?
• Acceptance…. A great TWA will not waste your time and money to prepare a claim for submission into the IRS tax whistleblower program unless the attorney is confident in his ability to get the case accepted into the program.
• 15%.... A great TWA will prepare a case so as to ...
A common misconception is that, in order to be entitled to a reward under the Tax Whistleblower Reward Program, you must possess information regarding fraud or perhaps criminal tax evasion. However, this Program is not limited to issues rising to such a level. Instead, the statute is clear, the IRS is seeking information with respect to any ...
No other law firm provides all of the following benefits and advantages to whistleblowers of Tax Fraud, Tax Evasion, or other underpayment of Tax:
Former IRS Attorneys
All Tax Whistleblower Claims submitted by the Tax Whistleblower Law Firm are submitted by attorneys that formerly worked for the Internal Revenue Service - Office of Chief Counsel. ...
We know your confidentiality is important. However the IRS Whistleblower Reward Program (IRC § 7623) does not specifically prohibit the disclosure of the identity of the individual providing information. The IRS has announced its policy, in Notice 2008-4, to guard closely such information as follows:
3.06 Confidentiality of Claimant’s Identity
...
The IRS Tax Whistleblower Reward Program provides that an individual with specific and credible information of tax fraud or any under payment of tax by a taxpayer (i.e., an individual, business, estate, or trust) may provide the information directly to the IRS or with the assistance of an attorney. After making the decision to hire an attorney, the ...
I don't want an Attorney that (fill in the blank).
I don’t want an Attorney that is simply a “qui tam” attorney. There are some attorneys who have a legal practice that spein which he specializes in representing whistleblowers in other areas of the law where fraud is committed against the Federal Government (Federal False Claims Act). They pretend ...
The typical whistleblower will generally start at the bottom of the pyramid and, with the assistance of an experienced tax whistleblower attorney, will work his OR her way towards the top.
A good tax whistleblower attorney will go above and beyond the pyramid by providing the IRS with even more assistance (e.g., preparing and submitting an audit ...
Some tax whistleblowers are more concerned than others about protecting their identity. We at Tax Whistleblower Law Firm take certain Steps of Protection to protect our clients' confidentiality.
However, we have listed here (and we will continue to update this list at the request of our readers) some effective steps for you to take to protect your ...
Proposed Treas. Reg. § 301.7623-1
On March 24, 2011 Tom Pliske filed comments to Proposed Treas. Reg. 301.7623-1
Tax Whistleblower Reward Program
The United States Will Pay Rewards to Tax Whistleblowers Who Reports Individual Tax Fraud or Corporate Tax Fraud to the IRS
THE PROBLEM: Billions of Dollars in Unpaid Taxes
In December of 2006, Congress improved the IRS Tax Whistleblower Program. Today taxpayers (i.e., individuals, businesses, trusts, and estates) underreport and underpay up to $400 billion in taxes (tax fraud/tax evasion) every year, according to a study released by the Internal Revenue Service. This group is comprised largely of wealthy taxpayers who intentionally underreport or underpay their tax liability. This missing revenue causes unnecessary increases in annual deficits, national debt, and interest payments and in the end, must be made up by honest Americans through higher taxes.
The recent IRS budget causes the IRS to conduct its business more efficiently and therefore it use its best efforts to collect from taxpayers who underreport and underpay tax (Tax fraud is not required). However, many tax schemes and tax shelters used by these taxpayers have often become so sophisticated that efforts by the IRS to detect them have become overly burdensome. As a result, the annual amount of unreported and unpaid tax has steadily grown each year. Confronted with the devastating effect of the ongoing underreporting of tax, the United States is taking a new approach to enforcement efforts aimed at detecting these particular taxpayers.
THE SOLUTION: TAX WHISTLEBLOWERS
In recent legislation (December 2006), Congress, through the IRS, is willing to pay a tax reward to whistleblowers that have "specific and credible" information that
substantially
contribute to the determination and collection of tax from taxpayers. Again, it does not have to be criminal tax fraud or civil tax fraud, but simply any underpayment of tax. The United States has announced that it will reward a tax whistleblower who provides "specific and credible" information that "substantially" leads to the determination and collection of $2 million or more of tax (including penalties and interest). This legislation mandates the IRS to pay any person who provides information under the “Tax Whistleblower Program” a minimum of 15%, and a maximum of 30%, of the amount that the IRS actually collects. The whistleblower must file IRS Form 211.
Collection of tax based upon information from a whistleblower is approximately 40% of what the cost would be if the IRS simply conducted an examination without the whistleblower information.
Contact us NOW to start the process of identifying tax avoidance and obtaining your reward! Your confidentiality is guaranteed! As former IRS tax attorneys we work hard to maximize the reward, minimize the payoff time and protect your identity at all times. To date, we have submitted billions of dollar's worth of claims as part of the IRS whistleblower program