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How will the IRS find out? Perhaps Whistlebolower?

Internal Revenue Service Whistleblower Office Director Stephen Whitlock told practitioners that the number of claims on which IRS is paying awards has grown dramatically in his five years in the office, and is likely to keep on growing.

The IRS Whistleblower Office has received 3,500 submissions since the beginning of fiscal year 2011, with approximately 115 awards paid out to individuals who provided information that resulted in the collection of taxes, interest, or penalties from a noncompliant taxpayer.

About 10 percent of the total 350,000 claims IRS has received in the last 15 months resulted in awards of $2 million or more.

For more on the Whistleblower Office or its Director Stephen Whitlock go to: http://www.irs.gov/newsroom/article/0,,id=167542,00.html

Read more at: Tax Times blog

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