Want to be an instant millionaire?
Report tax evasion to the IRS.
Under IRC Section 7623 the IRS authorizes the payment of awards from the proceeds of amounts the IRS collects by reason of the information provided by an individual (aka the Whistleblower). The reward is between 15-30% of the tax recovered depending on the amount of information you provide. So if you provide information that leads to the IRS recovering $10 million in taxes you could be an instant millionaire!
To be eligble the amount in dispute must exceed $2 million dollars (including tax,interest,penalties, etc.) and taxable income for the violator must exceed 200k in any year of issue.
Oh and don't forget to claim your reward on your tax return, as yes... it is subject to income tax.
To file a claim use Form 211 Download Here
- Related Articles:
- Have a company provided Cell Phone? You might be taxed on it.
- Judge Orders Viacom to hand over youtube user data (name and ip addresses)
- PHC consulting Careers are a scam
Reader Comments (Page 1 of 1)
Tuesday October 7, 2008 @ 03:51 PM
That's unfortunate for you Harold. But this isn't the place for you to post your or other people's personal information. If you are unhappy with a work that was done. Maybe bring your case to attention to local authorities? Is this person licensed? Try to bring your case up with the licensing authority? I am not sure how you thought posting here would help with your situation.
Saturday March 21, 2009 @ 09:05 PM
If a preson embezels 1.6 million is there a reward if they are turned in to the tax commison
Thursday October 15, 2009 @ 04:41 PM
I just checked and the IRS requires that at least $2,000,000 is unreported. So, in my case, I know someone who is ripping them off to the tune of about $200,000 a year (a business), but since I can't get a reward for reporting it, I have no interest in letting the IRS know. I guess they were hoping you would do it out of the goodness of your heart. lol. Not a chance.
Friday January 22, 2010 @ 04:25 PM
I know a Jewish guy from LA that helps people to generate losses. The system is simple. People invest money in his US companies. The US company wire the money to Israel as a "payment" for service that an Israeli company did. The Israeli company wire the money to a private abnk account of the American invstor as tax-exempt salary. After few nonths the US company enters into bankruptcy and the investment is reported as a loss.
Sunday March 14, 2010 @ 06:16 AM
Im glad bo brown shared his story about the bitch ass fake boat fixin dude bcuz people wk. hard for their money n others shouldn't take advantage of others just bcuz they can. f the boat dude n bo im glad u put him on blast...lmao. good for u. im going ta report my soon ta b deadbeat hasband..lol n the co. he works for. for me its just the principal. if i or my children stand ta gain dough ohhh well we deserve it...nite


Tuesday October 7, 2008 @ 03:07 PM
I paid a guy $3010 to repair a boat. He told me in the beginning that if I'd pay him in cash he wouldn't charge me any taxes. I know this isn't the first time he's worked this way. He refuses to give me my money back even though he couldn't do the job correctly. I paid him half up front and the only reason I paid him the rest was because he said he was finished. When I got the boat home is when I realized he didn't do anything he said. I know for a fact this guy is not claiming all if any money through his company. 90% of his business is cash just like mine was. I want my money that he owes me. This guy committs fraud and probably tax evasion everyday. The name of the company is: Lakeside Marine, 10652 FM 1097, Willis, Texas 77318. The owner is Jim Roberts. Ph # 936 890 2628
My mame is Harold Brown, I live in Willis as well. My ph# is 281 381 5645
Sincerely
Bo Brown