Every year, the Federal government is defrauded out of hundreds of billions of dollars in tax revenue. Congress enacted the IRS Tax Whistleblower Program in 2006 in an attempt to combat this type of fraud. Through the IRS Tax Whistleblower Program, the IRS encourages private citizens to report wrongdoers in order to recover unpaid taxes, and incentivizes them for doing so with the payment of rewards that can be quite substantial.
As the types of tax fraud have grown more complicated so has the need for more thorough and diligent Tax Fraud investigation. Tax fraud is the willful violation of one’s legal responsibility to pay mandatory taxes to the government in order to secure unfair or unlawful gains. The IRS may impose civil fraud penalties of up to seventy-five percent on amounts due as a result of civil tax fraud. If the evidence of a criminal intent to defraud the government is strong enough, the government may also bring criminal charges that could result in additional fines and penalties.
In April 2011, Young Law Group successfully secured the first-ever whistleblower reward paid by the IRS Whistleblower Office on behalf of an in-house accountant who discovered that a major financial firm failed to pay over $20 million in taxes to the IRS and then decided to bury it.
Young Law Group, P.C., Attorneys-at-Law, represents whistleblowers nationwide. For a free confidential consultation, please call Eric L. Young, Esquire at (215) 367-5151 or email to firstname.lastname@example.org.