Whistleblower Bradley Birkenfeld who set the record for the highest rewarded whistle blower in U.S. history has kicked off a rash of individuals coming forward to enter the IRS whistleblower reporting program to report major tax evasion of individuals and corporations. Birkenfeld, now living in New Hampshire lead the IRS to collect hundreds of...

Bradley Birkenfeld collected $104 million dollars minus taxes, for revealing the tax evasion of wealthy Americans holding moneys in foreign accounts. The whistleblower law that was passed by Congress allows the IRS to pay such bounties to individuals who provide information to the IRS of tax underpayments. However to qualify, the whistleblowers must provide...

The Internal Revenue Service (IRS) awarded former banker Bradley Birkenfeld $104 million for his part in providing the federal government information on UBS' illegal offshore banking schemes. It is the larges reward ever given to an individual whistleblower in the the U.S. Presently, it is estimated that the teax gap--the gap between taxes legally...

The Internal Revenue Service announced the issuance of its first whistleblower award under a recently enacted law allowing individuals with new information about tax evasion to receive upto 30% of moneys collected by Uncle Sam if the evasion exceeds two million dollars.The first whistleblower award $50,000 although small, is a critical first step in...

A very common corporate scheme to save taxes and avoid having to pay benefits is when companies classify employees as independent contractors and issue a 1099. This is tax fraud clear and simple and has opened up a potential for whistleblowers with specific information about their company misclassifying full time employees as independent contractors...

A whistleblower who exposed a tax fraud scheme by Enron Bankers Trust before the company collapse has been awarded $1.1 million under a new tax law whistleblower program allowing for payment of a "bounty" for information about tax fraud. The whistleblower, a Wall Street banker, who has chosen to remain anonymous, revealed that Enrain...

The IRS has enhanced its whistleblower reward program and wants to pay out billions in rewards in order to encourage disclosure of known tax evaders, according to the new Firector of the IRS Whistleblower Office. In one case, the IRS collected $3.4 billion in underpaid taxes from GlaxoSmithKline which had evaded taxed through inter-company...