The AP reports that the IRS’s enhanced whistleblower program has resulted in a 1,000% increase in tips since it’s implementation in 2006 the IRS said yesterday:
Dangle some cash and a lot of people are happy to turn in their employers for cheating on their taxes.
Since Congress beefed up whistleblower rewards in late 2006, tips about suspected tax cheats owing at least $2 million have jumped more than tenfold, the Internal Revenue Service said in a report Thursday.
In 2008, the agency received tips on 1,246 suspected tax dodgers, each owing more than $2 million. That’s up from 116 big-money tips in 2007.
The IRS doesn’t know yet whether the tips provided will result in convictions:
One key lawmaker praised the program but prodded the IRS to move faster on the cases.
“The tax code improvements are still new, and I hope more whistleblowers will come forward as word gets out,” said Sen. Chuck Grassley of Iowa, the senior Republican on the tax-writing Senate Finance Committee.
The 2006 law targets high-income tax dodgers, guaranteeing rewards for qualified whistleblowers if the company in question owes a least $2 million in unpaid taxes, interest and penalties.
Tips about individuals also qualify if the taxpayer has an income of at least $200,000.
The IRS’s report was issued by the whistleblower office and deals only with cases in which tax evaders may owe more than $2 million.
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1 IRS Whistleblower Program Going Gangbusters | taxattorneystate.com // Oct 2, 2009 at 7:36 pm
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