How You Submit Information Of Fraud To The IRS
Understanding The Process
Protections From Retaliation
Whenever an individual has information of significant tax evasion, he or she may be eligible for a reward if the Internal Revenue Service (IRS) ultimately collects from the delinquent taxpayer based on that information. I.R.C. § 7623. The IRS investigation may take several years but the whistleblower may receive up to 30% of amounts collected under certain circumstances. I.R.C. § 7623(b). The IRS whistleblower attorneys at Evans Law Firm, Inc. can assist you in submitting your information to the IRS with a goal toward a reward if the IRS recovers. If you have credible information of tax fraud, call pour attorneys today at (415)441-8669.
Types of Tax Evasion
One of the largest forms of evasion is tax avoidance by use of offshore companies (to hide revenue) and offshore bank accounts (hiding income). Other types of evasion include underreporting of income, overstatement of deductions, abuse of tax credits and the like. Some schemes, such as offshore tax avoidance may also violate US banking laws. See, e.g., Reports of Foreign Bank and Financial Accounts Act (FBAR) (31 U.S.C. § 5314); Foreign Account Tax Compliance Act (FATCA) (26 U.S.C. § 1471 et seq.). Our whistleblower attorneys know how to present your information of tax evasion to the IRS and to any other government agency that may police the kind of misconduct your information uncovers. The IRS will consider your information even if the supporting evidence is not in your possession as long as you describe the evidence and identify the location of such evidence to the best of your ability.
Rewards And Protection From Employer Retaliation
Last year, the IRS awarded over $120 million to individuals who blew the whistle on tax fraud. Many of the whistleblowers are employees who discover their employer’s tax evasion maneuvers on the job. Companies. Those employees are protected from retaliation by their employers which can include demotion, re-assignment, suspension, or termination. In addition to representing you in presenting tax fraud information to the IRS, the whistleblower litigators at Evans Law Firm can also represent employees in any suit for employer retaliation. Remedies include reinstatement, double back pay, interest, and attorneys’ fees and costs for bringing your lawsuit. See 26 U.S.C. § 7623.
Ingrid M. Evans and the other IRS whistleblower and tax fraud attorneys at the Evans Law Firm can be reached at (415) 441-8669, or by email at <a href=”mailto:firstname.lastname@example.org”>email@example.com</a>. Our attorneys also handle whistleblower actions 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.