Posted on 12/12/2009 3:35:52 PM PST by dennisw
A new federal rewards program dishes out cash to people who turn in friends, relatives and employers for fudging their tax returns.
For 24 years Vincent A. Spondello toiled away as an accountant for a group of related companies known as Monex, a large Newport Beach, Calif. precious metals dealer. A trusted employee, he prepared tax returns and was given such tasks as overseeing the destruction of old corporate documents. It turns out that some records that were supposedly destroyed he took home instead.
In May Spondello sent 25 boxes of original Monex papers to the Internal Revenue Service--documents that could buttress the IRS' claim that Monex's owners fraudulently moved around assets to avoid a $378 million tax bill. He made his document drop after hiring lawyers and filing a claim for a whistleblower reward that could total $57 million or more. Monex denies it owes anything, has fired Spondello and is demanding back its documents.
For years the IRS grudgingly paid stingy rewards to squealers who brought it mostly small cases; during 2004 and 2005, 428 informants received a total of $12 million--only 7% of the paltry $168 million all their leads brought in. But in 2006, hoping to entice insiders to rat out big-dollar cheats and corporate tax shelters and games, Congress directed the IRS to pay tipsters at least 15% and as much as 30% of taxes, penalties and interest collected in cases where $2 million or more is at stake.
The gambit seems to be working very well. The IRS continues to get thousands of small case tips a year. But in fiscal 2009, ended Oct. 30, the IRS Whistleblower Office also logged big case leads on 1,900 taxpayers, up from 1,246 in fiscal 2008, the first full year the new law was in effect............ EXCERPT
(Excerpt) Read more at forbes.com ...
I guess we could report Charlie Rangel.
Would this make me an official cop? Can I tax people for speeding too?
In a year or two you can probably get money for turning in somebody who speaks ill of obama
Guess you didn't get the memo.
How bout Environmental advocacy groups that are really political organizations?
There's more than a 50/50 chance that this snitch program will be used against those speaking out against the commie in the White House. All they need to do is perform selective enforcement.
The problem is that the tax code is so completely insane that if you file anything other than the most basic of taxes, it’s very likely that you are breaking some tax law or another. The IRS agents don’t even know all the laws they try and enforce. It has become virtually impossible to comply 100% with every single tax law (and that’s just your federal returns, not to mention state, etc.).
So if you are let go by an employer because of the OBAMA DEPRESSION it’s ok to steal employer documents and report them to the IRS. This is just one more sinister op of this crime syndicate in DC that are using the citizenry against each other for thier own profit, greed and the eventual demise of this country. Here is where you can step up and be an honorable man and not fall victim to these decietful despicable subhumans.
For what, going off shore because of his own personal directives via his position in Congress?
He wouldn't create such a scenario on his own would he?
If so, I really am prepared to give up all of my trust in Charlies credibility as a human being.
I hope I don't have to lower myself to such a distrusting state of mind.
What else do I have to give for the sake of my leaders who are there to take care of me?
F...ing snitches (read without the ellipses).
The problem is that the tax code is so completely insane that if you file anything other than the most basic of taxes, it’s very likely that you are breaking some tax law or another. The IRS agents don’t even know all the laws they try and enforce. It has become virtually impossible to comply 100% with every single tax law (and that’s just your federal returns, not to mention state, etc.).
God, they can’t even look good in a picture via prompt.
Soros. I claim Soros. Also Mayor Daley.
The woman on the right is flashing a gang sign,
Interesting. Does everybody get to know the name of the guy who dropped the dime on you?
If I know that someone is fudging their tax returns, I will just say to myself: "you go girl!" or "you go guy!" -- I am not snitching.
The IRS is a rogue organization to me, and anybody or anything that mucks them up is all right with me.
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