The Tax Questions Blog

Posts Tagged ‘whistleblower tax’

Question: Can I receive whistleblower protection if I turn my company in for taxes?

Here's the problem though - we all get paid under the table; if I turn my company in, can I be protected or have a reduced amount I would owe from back taxes? The owner always says he will put me on payroll every month and hasn't. Any help would be great. I am totally against this but it has been tough to leave with this economy.

Answer: You owe what you owe. The IRS won't be likely to offer you a reduced amount on your back taxes just because you turned in your employer. They might cut you a break on penalties, but even that isn't very likely.

And when you say "paid under the table", what exactly does that mean? If you are an independent contractor (see link) and you get paid gross (i.e. no tax withholdings), as long as the company files a 1099-misc for you and their other independent contractors, no law has been broken. If that's the case, you may find yourself in a situation where the IRS doesn't do a thing to your employer, and they turn around and demand back taxes, interest and penalties for all of the taxes you neglected to pay.

Reward: Collecting Millions for Reporting Tax Evasion, Your Complete Guide to the IRS Whistleblower Reward Program $12.04 Reward: Collect Millions for Reporting Tax Evasion Are you aware... • $350 billion in taxes go unpaid each year. • The IRS pays 15-30% to report tax evasion. • Multi-million dollar rewards are waiting. The new IRS Whistleblower Reward Program pays you up to 30% of the unpaid taxes it collects. That means if a company or individual you know about underpaid their taxes, you could rece...

Whistleblowing: A guide to government reward programs (How to collect millions for reporting fraud) $15.95 The most successful whistleblowers receive up to $100 million in government rewards, but 80 percent receive nothing at all. Why is that? Written by a former Department of Justice attorney, Whistleblowing: A Guide to Government Reward Programs, provides a rare, behind-the-scenes tour of three unique government programs paying significant rewards to citizens for reporting fraud under dozens of feder...

Ethics of Enron whistle-blower questioned. (Ethics).(Brief Article): An article from: Strategic Finance $5.95 This digital document is an article from Strategic Finance, published by Institute of Management Accountants on May 1, 2002. The length of the article is 781 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.Citation Detai...

(AFX UK Focus) 2010-06-17 12:49 TIMELINE-Swiss battle with U.S. tax authorities over UBS

June 17 (Reuters) - Switzerland's parliament backed a Swiss-U.S. tax treaty crucial to the future of UBS AG, ending months of uncertainty over the deal and paving the way for renewed recovery at the Swiss bank. Following is a timeline of major events during the tax row:

Financial Whistleblowing Panel with Jesselyn Radack and Jack Blum