Tax fraud and tax evasion are two issues that, unfortunately, people rarely talk about. Each year, over $300 billion in taxes are under-reported to the IRS. In order to encourage more people to report tax fraud, the IRS is offering substantial monetary awards to whistleblowers.
Some employees are unethically coerced into helping their employers commit tax fraud, and some are simply afraid of reporting such a unscrupulous activities in fear of being fired or retaliated against. Our Dallas attorneys are sympathetic to these concerns, and we're 100% devoted to protect your interests should you choose to bring a whistleblower claim.
It’s not uncommon to see stories of corporate tax evasion in the news. After a lengthy investigation, the IRS often releases this type of information to the public domain to serve as a warning to others, and to encourage people who may have witnessed similar tax fraud to come forward with information. As an incentive, the IRS offers an "informant award" to whistleblowers, which can equal 15-30% of the additional tax, penalty, and other amounts it collects as a result of your claim.
The IRS Whistleblower Law offers protection (as well as compensation) to anyone who comes forward with information that may may help the government collect unpaid taxes.
The IRS requires an informant to provide information regarding the fraud within a reasonable timeframe. In spite of the fact that there is no statute of limitations in cases where someone fails to file a return, misrepresents information, or commits tax fraud; you as a whistleblower should do everything in your power to file a report in a timely manner. The IRS will not take action on information they consider ‘stale’ to a point where making a recovery might not be feasible.
Section 3.06 of the Whistleblower Law provides whistle-blowers with protection to the best of the ability of the IRS. This is a concern by most people who may be reluctant to come forward due to fears of facing retaliation.
Whistleblowers receive a cash payout that’s taken from the monies recovered from the individual committing the tax fraud. As mentioned above, this award can be up to 30 percent of the amount recovered by the IRS, and there is no cap on how much you can recover. In some instances, these whistleblower awards can amount to millions of dollars for the whistleblower.
Due to the sensitive nature of these cases, it’s in your best interests to consult with a Dallas IRS whistleblower lawyer before taking any action. These type of cases can be very complex, and one inadvertent mistake can potentially invalidate your entire claim. Our attorneys can help make sure that you get the maximum amount of compensation allowed, that your claim is reported in the correct way, and that you are protected from retaliation.
Call Rasansky Law Firm today at (214) 651-6100 and let our expert tax fraud whistleblower lawyers explain exactly how we can help you.
The attorneys at Rasansky Law Firm are happy to speak to you about your potential case free of charge. If we can help with your claim, we'll do so for no out-of-pocket cost to you. Call us 24/7 at (214) 651-6100.
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