Number of whistleblowers reporting big-money tax cheats has accelerated dramatically

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U.S. sees tips rise on tax cheats

The number of whistleblowers reporting big-money tax cheats has accelerated dramatically in recent years, according to government data released on Thursday.

A December 2006 law boosted rewards for those giving key information on cases involving evasion of $2 million and more, and made such rewards mandatory.

The U.S. Internal Revenue Service's whistleblower office, created under the law, received data on potential tax evasion by 1,246 wealthy Americans and businesses in fiscal 2008 -- an average about 100 per month.

In prior years, the agency received roughly 10 to 20 tips per month, an agency official said.

The law is broadly supported, but critics say some informants have not been treated well.

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After the law was enacted, the Miami-based Ferraro Law Firm, which specialized in personal-injury cases involving cancers related to asbestos, opened a Washington office that recruits and represents clients making such claims. The firm has said it made several claims alleging more than $1 billion in unpaid taxes.

Ferraro Law Firm: Washington Office

The Ferraro Law Firm
1270 New Hampshire Avenue

Washington, DC 20036
Phone: (800) 275-3332 (Toll Free)
Fax: (202) 775-1633
www.ferrarolaw.com


Law Firm Overview

The Ferraro Law Firm
Nationwide Tax Whistleblower Attorneys
Washington D.C. Miami, Florida

At The Ferraro Law Firm, we represent tax whistleblowers with information concerning U.S. tax underpayments of $2,000,000 or more. A tax whistleblower can be a corporate tax manager, investment banker, finance officer, a U.S. citizen, or a citizen of a foreign countrybasically any person with information of a tax underpayment. If you would like our assistance in putting together the right information and presenting it in the strongest, clearest possible way to the right people at the IRS, contact our law offices today.

Confidential Consultations, Nationwide Practice 1-800-275-3332

To schedule an initial consultation with one of our tax lawyers, call or contact us directly at either our Washington D.C. or Miami, Florida area offices today.

Corporate Tax Fraud/Whistleblower Resources:


Top 10 Myths of the Tax Whistleblower Provisions

• How Does the Claims Process Work?
• Ways to Maximize Your Reward
• The Importance of Timing
• Protecting Your Identity
• Uncertain Tax Positions
• Multinationals, Foreign Whistleblowers, and Related Concerns
• Award / Reward Determinations and Appeals
• The Ferraro Law Firm: A Clear Choice
• Tax Whistleblower News and Issues
• Tax Underpayments: How and Why
• Abusive Tax Shelters

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FindLaw: The Ferraro Law Firm