The Tax Informant Program

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Snitching out a tax cheat can make you rich! That is what the IRS wants you to know.

Small-time crooks: The IRS’s informant program has been around for more than 140 years. If you suspect a person is committing tax fraud and report it, you could receive up to 15% of the amount that has been underpaid, with a maximum award of $10 million.

Big cheaters: In 2006, the IRS really started cracking down on big time cheaters and introduced a new whistle-blower program, in which informants are paid a minimum of 15% and a maximum of 30% of the amount owed.

Funny how the article points out that some folks snitch fellow workers because they feel the tax cheats are “above the law.” Once again, the perils of the love of “law” (legislation) and the supposed “order” that it brings to society.

Via CNN.

8:30 am on March 2, 2010