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Aug 31, 2020 by |

California and Marin Whistleblower Attorneys: How Whistleblowers Are Rewarded for Information on Offshore Tax Avoidance and Other Tax Fraud

ATTORNEY NEWSLETTER

IRS Targets Offshore Tax Avoidance And Other Tax Evasion Schemes

Billions Lost Every Year To Tax Fraud

Whistleblowers Rewarded For Assistance

Over the past several years, the Internal Revenue Service (IRS) has targeted offshore tax avoidance as perhaps the largest drain year after year on tax revenue. Corporations use offshore subsidiaries, bank accounts, and shell companies to hide profits from taxation. Analysts estimate offshore tax schemes cost the government (and taxpayers) over $90 billion every year. The IRS rewards whistleblowers who provide credible information of this kind of tax fraud. The IRS whistleblower attorneys at Evans Law Firm, Inc. represent insiders and other persons with credible, original information of offshore tax avoidance and other tax fraud and assist in submitting applications to the IRS based on that information for an ultimate reward if the IRS recovers unpaid taxes. If you have credible information of tax fraud, call pour attorneys today at (415)441-8669.

Offshore Tax Avoidance

Offshore tax avoidance schemes typically violate the Internal Revenue Code (26 U.S.C. §§ 1 et seq.), the Reports of Foreign Bank and Financial Accounts Act (FBAR) (31 U.S.C. § 5314), and the Foreign Account Tax Compliance Act (FATCA) (26 U.S.C. § 1471 et seq.). Whistleblowers receive awards of 15-30% of the amount collected including penalties. I.R.C. § 7623(c). If you have information regarding offshore tax avoidance schemes and violations of FBAR and FATCA, the California and San Francisco whistleblower/qui tam attorneys at Evans Law Firm, Inc. know how to assemble your information and submit your whistleblower application to the IRS alleging all possible tax code and other violations.

IRS Whistleblower Rewards Climb

During the past fiscal year, the IRS Whistleblower Office made 181 awards to whistleblowers totaling $120,305,278. Proceeds collected were $616,773,127. The IRS has also picked up the pace in investigating and closing open whistleblower cases: closures increased by 29.8 percent. The largest single IRS whistleblower award – $104 million – was paid to an individual who blew the whistle on a large bank’s alleged scheme to help thousands of wealthy Americans hide billions of dollars in foreign accounts for a period of years.* The IRS reported that the information provided by that whistleblower led to the recovery of $5 billion in unpaid taxes.

Protection Against Retaliation

Employees who blow the whistle on any kind of tax fraud, are protected from retaliation by their employers. The litigators at Evans Law Firm can represent you in any wrongful termination action as well as in your underlying whistleblower case. Remedies include reinstatement, double back pay, interest, and attorneys’ fees and costs for bringing your lawsuit. See 26 U.S.C. § 7623.

Contact Us

If you have information regarding offshore tax avoidance schemes or excise tax evasion, violations of foreign bank account reporting requirements, abusive tax shelters, or other tax fraud contact Ingrid M. Evans and the other IRS whistleblower and tax fraud attorneys at the Evans Law Firm at (415) 441-8669, or by email at <a href=”mailto:info@evanslaw.com”>info@evanslaw.com</a>. Our whistleblower attorneys also handle cases involving bank fraud under the Financial Reform, Recovery, and Enforcement Act (FIRREA/FIAFEA), the Commodities Futures Trading Commission Whistleblower Program, the Securities and Exchange Commission Whistleblower Program, False Claims Act cases, the FINRA Whistleblower Office and the California False Claims Act. We can help guide your case through a jury trial or toward an equitable settlement. We also handle cases involving physical and financial elder abuse, whole life insurance and universal life insurance, and indexed, variable, and fixed annuities.

*Evans Law Firm, Inc. was not involved in this case in any way.

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