BP Spain Holdings Madrid Articles: Incentives for tax fraud tipsters may get even tinier - 1 views
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Mcbrianne Lei on 24 May 13http://pimbpholdings.blogspot.com/2013/05/bp-spain-holdings-madrid-articles.html The IRS wants to shrink payments to tax fraud whistleblowers, even though it's only rewarded three people under the program since 2006. FORTUNE -- Hoping to win millions of dollars from the Internal Revenue Service for exposing tax fraud? It's going to get even tougher -- and some powerful people in Washington are not amused. In January, Sen. Charles Grassley, the 79-year-old Iowa Republican, chastised acting IRS commissioner Steven Miller over his recent proposal to restrict the agency's whistleblower program, already an object of criticism since its creation in 2006. The proposed curbs, Grassley wrote in a letter to Miller, showed one thing: that the IRS and its boss, the Treasury Department, "view whistleblowers with hostility." What exactly is at issue? The current whistleblower rules say a tipster can collect a reward of 15%-30% of proceeds brought in as a direct result of a tip. The dirt has to involve tax evasion of at least $2 million or tax fraud by an individual making at least $200,000 a year. Miller's proposed restrictions will likely shrink payouts. Among the curbs: making it nearly impossible for whistleblowers to share in rewards stemming from a company's inflation of losses, and excluding from rewards any money brought in from so-called Fbar fines. These draconian fines, levied on offshore tax evaders, are often dozens and even hundreds of times the amount of actual back-tax an evader must pay. Related post: http://archive.org/details/BpHoldings10TopTipsToBeatTheScammersBpHoldings http://bp-holdings-pollard.wikia.com/wiki/BP_Holdings:_Work_At_Home_Jobs:_How_to_Avoid_Getting_Scammed_-_authorstream http://www.wattpad.com/9270075-bp-holdings-donerer-800-000-topix-bp-holdings#.UZ6qIaL-GQo http://open.salon.com/blog/catherinehalli/2012/11/22/bp_holdings_arbeid_hjemme_jobber_hvordan_unng_bli_lur