When It Pays to Blow the Whistle

LOS ANGELES, March 9 /PRNewswire/ -- Ordinary Americans who typically resort to long-shot lottery odds as a ticket to financial freedom may have an entirely new alternative at their fingertips that could be just as rewarding financially - if not more - and with significantly better odds: blowing the whistle on tax cheats!

Via its recently enacted "Tax Whistleblower Reward Program," the Internal Revenue Service will pay huge rewards to any person who exposes and reports the underreporting of tax by either individuals or corporations. More importantly, the IRS just completed its first reward payment under the new legislation and cut a whopping $5.5 million check to a whistle-blower who reported tax fraud at several companies.

Tax fraud is a massive problem in the United States, where a small percentage of taxpayers under-report and fail to pay up to $400 billion in taxes every year, according to a study released by the Internal Revenue Service. The sheer amount of tax fraud represents a massive business opportunity for those citizens who can help uncover the fraud and report it to the IRS in the right format: accountants, CEOs, CFOs, COOs, CTOs, attorneys all the way down to regular employees and individuals.

According to Tom Pliske, a former IRS attorney who specializes exclusively in tax whistleblower cases, what the IRS requires is "specific and credible information (i.e. facts as to dates, times, amounts, documents, etc.) as to the underreporting/underpayment of tax."

If the case qualifies for the IRS Tax Whistleblower Reward Program, a reward of 15% to 30% of the amount ultimately collected by the IRS will be paid based upon the information provided.

Over the past two years, Mr. Pliske's office has submitted a number of cases to the IRS since the new Tax Whistleblower Reward Program went into effect. To date, every single one of those cases has been accepted into the program and is being worked by the IRS.

But what exactly is the IRS looking for? What constitutes a good case? According to Mr. Pliske, four primary criteria must be met in order to submit a "good case" to the IRS:

1. The $2,000,000 rule: the tax, penalty and interest must exceed this amount.
2. The information to be provided with the claim must be "specific and credible." The more detailed information the better. Also, supporting documentation (contracts, bank statements, emails, etc.) gives credibility.
3. The information must substantially contribute to the determination/collection of tax.
4. The IRS wants to know that there is a source of collection if they engage in this process.

About Tom Pliske

Tom Pliske uses his 16 years of experience as a veteran of the IRS to navigate cases through the Tax Whistleblower Reward Program to achieve maximum results for his clients and to maximize their whistleblower reward to the full 30% allowed by the IRS. Mr. Pliske's fees are 100% performance-based (contingency fee only).

This release was issued through eReleases(TM).  For more information, visit http://www.ereleases.com.

SOURCE IRS-FRAUD.COM