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World

Whistleblowers can be Rewarded by the IRS for Information on tax Evasion

In exchange for tips exposing tax evasion, whistleblowers can be eligible for compensation of up to 30 percent of additional taxes and penalties collected

By The News Whatsapp Twitter Facebook Share
1 year ago

The United States Internal Revenue Service (IRS), the government agency in charge of collecting taxes for the United States, offers rewards in exchange for companies and individuals who are evading taxes, according to a press release today.

In an effort to crack down on tax evasion, the IRS is encouraging citizens to report other individuals and businesses who they suspect are not complying with US tax laws. A whistleblower will be entitled to up to 30 percent of the additional taxes and penalties that the IRS collects resulting from a tip.

People who want to be rewarded for reporting tax evasion to the IRS should fill out, sign and mail IRS Form 211, Application for Award for Original Information. Those who do not want to be rewarded can visit Report Suspected Tax Fraud Activity on IRS.gov for information on how to submit a report.

THE NEWS

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