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plz
Additional Details
i live in dallas tx and trying to buy a ... |
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Additional Details
MS.Fountain, the letter ... |
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Additional Details
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$t.D de la Suerte | Is there a reward for reporting an individual for tax evasion? If so how much is the reward? |
I just rolled over on someone who makes roughly 70K per year, and he has never filed a return. He's made this money over the past 6 years, so I figure he has made more than 400K during this period. That equates to roughly 100K in taxes plus lots of penalties. Normally I wouldn't say anything, but he will get busted sooner or later; I might as well get paid! If there is a reward coming, how much does the IRS pay?
Additional Details
Just wanted to add a few notes:
1. My finances are in order and I am an honest, law-abiding taxpayer.
2. Tax Evasion is a FELONY folks.
So please answer the question only and reserve your moral/immoral judgments for elsewhere.
Thanks! |
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Kraftee
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"The IRS will pay a reward in some cases for information that leads to collection of tax revenue. The reward can be up to 15% of the amount the IRS recovers. The information needs to be pretty specific and information that the IRS does not already have. The IRS gets a lot of calls from ex-spouses, disgruntled employees, etc. with general information like "my ex is cheating on this taxes" or "my boss is not reporting all his income.” That general information is not terribly helpful. If you have specific information, like particular transactions, exact amounts, documents showing the tax fraud, etc., that is much more useful and more likely to get you a reward. The following web pages have more information on rewards for tax information. The IRS policy statement on rewards is at:" http://www.irs.gov/foia/article/0,,id=132336,00.html |
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Father Wiggly
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The IRS won't pay you enough to buy your way out of Hell hereafter. |
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Jimmy Dean
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yes there is but the amount or what the reward is im unsure of. but they are increases the reward so that more people become snitches. |
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mugabubu
 |
You sound like a government agent yourself. Maybe the IRS is pulling us some mental tricks. |
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southron2002
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A shame isn’t it that the income tax can make criminals and snitches out of ordinary people. Until we adopt the FairTax Act (H.R. 25) we will not be free.
The FairTax replaces all income taxes with a national sales tax and eliminates the IRS and compliance costs. |
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pepper
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There may be rewards - and it would be dependent on the amounts collected.
Reporting IRS fraud:
http://www.irs.gov/compliance/enforcement/article/0,,id=106778,00.html |
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Rob
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It can be up to 10% of the taxes collected from the audit and investigation, the Rate maybe lower, but never higher than 10%
see the attached link
http://www.irs.gov/foia/article/0,,id=132336,00.html |
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STEVEN F
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The IRS link below discusses rewards for information that is of value in determining tax owed.
NOTE: Someone's failure to file may not mean they OWE taxes. If they would have received a refund if they had filed, the IRS will determine your information is of ZERO value and 'reward' you accordingly. |
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jpp1959
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10%.
Your motivation is wrong. He is cheating the rest of us that are paying our fair share. |
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blaringhorn
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"Tax Evasion is a FELONY folks." The only thing that means is that the government strongly despises tax evasion. It does not mean that the government is in the right. Governments in the past have criminalized the best of things and the most innocent of things. Reading the wrong book in Soviet Russia could have got you executed by the NKVD. Listening to illegal music in Germany can get you thrown into prison today. Felony, schmelony. Penalties and threats are not morals, and let us not be confused on that score. Although you did not ask whether reporting a tax evader is morally right, most of your answerers will feel morally impelled to address that subject. |
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nwftbl25
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This is generally a percentage of the taxable amount recovered. |
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bostonianinmo
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Don't count your chickens before the eggs have hatched.
First off, you have no way of knowing if he filed returns or not. If he did, you'll be MUD with the IRS. And even if he didn't, you have no way of knowing what any tax liability might be.
IF the IRS collects any tax and IF the information you filed was material to either the collection or the amount collected you MAY qualify for a reward. However, since the IRS already knew that he hadn't filed, your revelation of that fact won't be material to any collection actions that they take and you WON'T get any reward for that.
If you have SPECIFIC information about transactons or business dealings that are evading taxes that the IRS does not ALREADY know about, THATS the type of information that the IRS can use that may result in a reward for you. But a general allegation that "He hasn't filed a tax return in 7 years," isn't going to get you a DIME from the IRS.
Rewards for material information that leads to the collection of tax or successful prosecutions for fruad or tax evasion typically get 10% of the amount of the TAX that is actually collected. |
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jenab6
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I'm not sure. But do you really want people to refer to you as "the federal snitch" for the rest of your life? Your reasoning is like that of Jonathan Pollard: "Foreign intelligence organizations will eventually steal all these US military secrets anyway, so I might as well be the traitor who gets paid for it." Or, "Those gangsters will sooner or later figure out that the shopkeeper has been double crossing them, so I might as well be the one to drop the dime and put the finger on him." If you report someone, you are essentially acting as a bounty hunter, selling people down the river for the money you can get out of it.
Besides, how do you know that he's wrong and you're right? Maybe it's the other way around. Maybe the right thing for you, and everyone, to do is also stop paying taxes, to participate in a national tax revolt aimed at bringing down the evil government. What would it take to persuade you that your laws are immoral, that your politicians are criminals, that your country is run by traitors, and that you should therefore want to have nothing to do with supporting it? |
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winetaster6
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First you need to do some homework..
Is this person required to file a tax reutrn? Do he have taxable income? Do you know the definition of income? a) General definition
Except as otherwise provided in this subtitle, gross income means all income from whatever source derived, including (but not limited to) the following items:
(1) Compensation for services, including fees, commissions, fringe benefits, and similar items;
(2) Gross income derived from business;
(3) Gains derived from dealings in property;
(4) Interest;
(5) Rents;
(6) Royalties;
(7) Dividends;
(8) Alimony and separate maintenance payments;
(9) Annuities;
(10) Income from life insurance and endowment contracts;
(11) Pensions;
(12) Income from discharge of indebtedness;
(13) Distributive share of partnership gross income;
(14) Income in respect of a decedent; and
(15) Income from an interest in an estate or trust.
Does he have any of this income? You say he makes 70k a year but hasnt paid any taxes that means he is self employed. If so he may have deductions that exceeds his income and may actually have a loss. If so he will have no tax due and not be required to file a tax return. Also all income is not taxable!!!! read the supreme court rulings. |
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Maharet
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Verbatim from the IRS' website:
"You are not required to identify yourself when reporting suspected tax fraud activity; but, it is helpful to do so. Keep in mind that your identity can be kept confidential, and you may be entitled to a reward" |
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Still reading
 |
There is a reward, based on the number of dollars the IRS collects. I don't know how the dollars are calculated. |
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dwagsfive
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IRS does offer rewards, but the amount is not fixed or gauranteed. As far as snitching goes, my reasoning would be more like this: I'm paying a lot of taxes already, and there are many more people like this deadbeat who evade the system. If all people paid their fair share then the burden for all would be less.
Currently, the "tax gap" exceeds $300 BILLION. That's a lot of money for the rest of us honest people to make up. (Also see excerpt in Sources box below) With figures like these, I don't understand why people "root for the bad guy" when they hear of tax cheats getting away with it. I don't know about you, but I could think of a lot of things more useful than taxes to do with MY $2200. |
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Grantcliff_cosep
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Hi. I like to answer your question but it seems you are crossing his line. Its not good, although his deeds are also not good. Reward i think is 5% plus any other incentives depending on your information given to IRS. |
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timo_10143
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Your reward is probably a punch in the face. If somebody did that to me I'd think about killing them. |
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REnate
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Quite the opposite. IRS will not investigate you.
It never pays to report someone for tax evasion because the IRS is then drawn to your affairs. |
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Ben
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The last I heard it was around 8% and, like everything with the IRS, is negotiable with them not wanting to pay anything. I'd suggest getting a good tax attorney who has experience negotiating deals with the IRS - he'll want a third but you'll still end up with a nice wad. |
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smartypants909
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Your reward is the good feeling you get from doing the right thing. Sorry. |
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