IRS tax fraud confidential informant and whistleblower lawyer, Jason S. Coomer, works with petroleum accountant whistleblowers, multinational corporation accountant whistleblowers, and other IRS tax fraud whistleblowers that want to confidentially blow the whistle on large scale IRS tax fraud including corporate underpayment of taxes and illegal offshore accounts. If you are aware of significant tax fraud or underpayment of taxes, please feel free to contact IRS Tax Fraud Confidential Whistleblower Reward Lawyer and Tax Fraud Informant Reward Lawyer Jason Coomer via e-mail message or use our submission form to send in questions about a potential IRS Tax Fraud Confidential Whistleblower Reward Lawsuit, Corporate Tax Fraud Confidential Informant Reward Lawsuit, IRS Payment for Fraud Detection Lawsuit, IRS Whistleblower Reward Program Lawsuit, or other Fraudulent Taxpayer Whistleblower Lawsuit.
The Tax Relief and Health Care Act of 2006, signed into law on December 20, 2006 amended the Internal Revenue Code to provide rewards for turning in tax cheats including corporations and people that are committing tax fraud. According to the IRS, the primary purpose behind the Tax Relief and Health Care Act of 2006 "was to provide incentives for people with knowledge of significant tax non-compliance to provide that information to the IRS." The new program generally requires the IRS to pay rewards to whistleblowers if the information presented substantially contributes to the collection of money by the IRS. The law created the IRS Whistleblower Office to receive, evaluate, and determine whether to pay the whistleblower an award.
The IRS has funded a robust IRS Whistleblower Program. The new program focuses on large tax fraud and tax underpayment claims. To qualify for the rewards, $2 million of taxes, penalties, and interest must be involved. Individual taxpayers must have $200,000.00 of taxable income in any year. The reward is from fifteen to thirty percent of the tax collected, depending upon the extent to which the whistleblower contributed to the additional collection. If the IRS determines that the whistleblower's information was not the original source of information, but still contributes to the additional collection, the IRS can still award up to ten percent of the amount collected.
To qualify for a whistleblower award under section 7623 (b), the information must:
Relate to a tax noncompliance matter in which tax, penalties, interest, additions to tax and additional amounts in dispute exceed $2,000,000.00
Relate to a taxpayer, and in the case of an individual taxpayer, one whose gross income exceeds $200,000.00 for at least one of the tax years in question
If the information meets the above criteria and substantially contributes to a decision by the IRS to take administrative or judicial action that results in the collection of tax, penalties, interest, additions in tax and additional amounts, then the IRS will pay an award of at least fifteen percent, but not more than thirty percent of what the IRS collects. 26 U.S.C. at 7623(b)(1).
The IRS has authority to reduce the award to ten percent if the claim is based upon specific allegations disclosed in certain public information (e.g. government audits) and determines that the whistleblower's information was not the original source of information. Further, the IRS also has the authority to reduce the award or not give an award if the whistleblower planned and initiated the actions that led to the tax underpayment.
In 2006, the Tax Relief and Health Care Act that was signed into law included a whistleblower reward amendment that created mandatory reward language to the IRS to create a mandatory economic incentive to encourage tax fraud whistleblowers to step forward to help the government detect large scale fraudulent schemes. By offering large potential rewards for reporting multimillion tax fraud schemes, the IRS has received hundreds of tax fraud tips from tax fraud informants regarding taxpayer fraud and massive violations of the tax code costing taxpayers Billions of dollars. Many of the tips already received include fraud schemes of hundreds of millions and tens of millions of dollars. It is estimated that this programs will result in hundreds of billions of dollars or even Trillions of dollars in tax fraud being detected.
The economic incentives in the Tax Whistleblower Reward Programs are designed to encourage insider tax fraud informants and tax fraud whistleblowers with knowledge and evidence of large tax violations and tax fraud schemes to step forward and report the massive tax fraud. The IRS is hoping that there will be several tax fraud whistleblowers and tax fraud informants that will help them detect and collect on an estimated $3 Trillion in illegal offshore accounts as well as several other tax-avoidance schemes that have been perpetrated by billionaires and millionaires as well as large corporations.
The IRS Whistleblower Reward Amendment requires the Internal Revenue Service to pay rewards to whistleblowers who exposed large scale tax fraud and taxpayer fraud including major tax underpayments, violations of the Internal Revenue Code, or other fraudulent schemes to unlawfully not pay taxes. The IRS Whistleblower Reward Program is aimed at large multimillion dollar fraud schemes and tax violations in that the total amount of fraud or underpayment of taxes in dispute would have to exceed $2 millions.
The IRS will pay the tax fraud whistleblower or tax fraud informant if the information presented substantially contributes to the collection of money by the IRS. As such, the tax fraud whistleblower should have inside knowledge of and documentation of the tax fraud to be successful.
Under Federal law, employee whistleblower recovery laws include the Federal False Claims Act, section 406 of the Internal Revenue Code (IRS Tax Fraud Whistleblower Reward Program), section 21F of the Securities Exchange Act (SEC Whistleblower Bounty Actions), and section 23 of the Commodity Exchange Act (CFTC Whisteblower Bounty Actions). All of these employee whistleblower recovery laws have been recently passed or strengthened to provide additional protections and economic incentives to employee whistleblowers.
Further, many of these new and newly strengthened laws have strong confidentiality provisions that allow employee whistleblowers to remain anonymous when reporting large scale fraud. These confidentiality provisions protect the identity of employee whistleblowers that work through a lawyer. Other provisions set up anti-retaliation protections for employee whistleblowers.
In addition to the Federal employee whistleblower recovery laws, many states have also passed employee whistleblower recovery laws that encourage employees with original and specialized knowledge of significant fraud against the government including Medicare and Medicaid or several other government programs to step up and blow the whistle on the fraud. Like the Federal employee whistleblower recovery laws, these laws often provide large economic incentives to employee whistleblowers as well as provide many whistleblower protections that protect the employee whistleblower from retaliation.
As a Tax Fraud Confidential Whistleblower Reward Lawyer, Financial Fraud Confidential Whistleblower Reward Lawyer, and Securities Fraud Confidential Whistleblower Reward Lawyer, Jason S. Coomer commonly works with other powerful tax fraud confidential whistleblower lawyers, financial fraud confidential whistleblower lawyers, and securities fraud whistleblower lawyers to handle large IRS Tax Fraud Confidential Whistleblower Reward Lawsuits, Securities Fraud Confidential Whistleblower Reward Lawsuits, Securities Fraud & False Accounting Bounty Actions, Commodity Futures Fraud Confidential Whistleblower Bounty Claims, and other Financial Fraud Confidential Whistleblower Reward Lawsuits. He also works on Medicare Fraud Whistleblower Lawsuits , Defense Contractor Fraud Whistleblower Lawsuits, Stimulus Fraud Whistleblower Lawsuits, Government Contractor Fraud Whistleblower Lawsuits, and other government fraud whistleblower lawsuits.
Oil Company Tax Fraud, Energy Company Tax Fraud, Petroleum Company Tax Fraud, Royalty Accounting Fraud, Energy Company Accounting Fraud, Oil Company False Reporting of Royalties, Petroleum Company IRS Tax Fraud, Energy Company Tax Fraud, Oil Company Working Interest Accounting Fraud, and Oil Company Production Fraud are forms of corporate fraud that can result in tax fraud whistleblower reward lawsuits, tax fraud informant reward lawsuits, qui tam lawsuits, shareholder lawsuits, bounty actions, class actions, and several other types of fraud litigation. Petroleum employees including petroleum accountants, petroleum executives, and other oil company employees with original information of significant oil company accounting fraud, oil company royalty fraud, oil company tax fraud, oil company working interest fraud, and/or oil company production fraud by a large oil company may be able to collect a large reward through several whistleblower laws.
The key to obtaining a large whistleblower award is to make sure that as the employee whistleblower you are the first to file with sufficient evidence of significant fraud. For more information on Oil Company Employee Whistleblower Reward Lawsuits and Energy Company Employee Whistleblower Reward Bounty Actions please go to the following web page: Oil Company Employee Confidential Whistleblower Lawyer, Petroleum Employee Protected Whistleblower Lawyer, and Energy Company Employee Anonymous Whistleblower Lawyer.
IRS tax fraud confidential whistleblower reward lawyer, Jason S. Coomer, works with corporate tax fraud whistleblowers, IRS tax fraud whistleblowers, and other tax fraud whistleblowers that are stepping up and blowing the whistle on IRS tax fraud, illegal accounts, unreported income, false accounting, corporate tax fraud, IRS code violations, and other forms of tax fraud. If you are aware of significant tax fraud or underpayment of taxes, please feel free to contact IRS Tax Fraud Confidential Whistleblower Reward Lawyer and Tax Fraud Informant Reward Lawyer Jason Coomer via e-mail message or use our submission form about a potential IRS Tax Fraud Whistleblower Lawsuit, Corporate Tax Fraud Whistleblower Lawsuit, IRS Whistleblower Reward Lawsuit, IRS Payment for Fraud Detection Lawsuit, IRS Whistleblower Rewards Program Lawsuit, or other Fraudulent Taxpayer Whistleblower Lawsuits.
If you are the original source with special knowledge of tax fraud and are interested in learning more about a tax whistleblower lawsuit, please feel free to contact IRS Tax Fraud Whistleblower Lawyer and Corporate Tax Fraud Whistleblower Lawyer Jason Coomer via e-mail message.