Whistleblower Law is a huge success for IRS
The new whistleblower law is a huge success for IRS on catching tax cheaters. The reward claims have been piling in since the December law was passed. According to Steve Whitlock, head of the IRS Whistleblower office there have been claims involving hundreds of millions of dollars. The informants can collect up to 30% of whatever the IRS collects. The Internal Revenue Service received an increase in valuable tips from informants hoping to cash in on a law offering sharply higher rewards in cases involving large amounts of tax cheating and other violations.
According to a recent Wall Street Journal article, Iowa Senator Chuck Grassley was quoted as saying "So far, it looks as if the whistleblower-program changes were well-directed. It's important for people with concrete information about tax fraud to be heard and not treated like skunks at the picnic." This is an interesting comment being that Senator Grassley is on the Senate Finance Committee and is a high ranking Republican.
To file a claim under the law, use IRS Form 211, available on the IRS Web site at www.irs.gov. "Provide as much information as you can about the alleged tax noncompliance," the IRS's Mr. Whitlock says.
ClickHere to read more of the Wallstreet Journal Article on the new IRS Whistleblower Law.
