Protection For Whistleblowers When Reporting Tax Improprieties Of Companies
In order to successfully collect taxes and to help ensure compliance, the IRS has created a whistleblower program designed to reward individuals who report tax fraud. The IRS will only pursue tax fraud claims that exceed $2 million in unpaid taxes, which means most cases involve employees reporting tax fraud committed by their employer. At the law firm of Kundra & Associates, our Maryland whistleblower attorneys can help you if you suspect a tax violation by your employer.
In general, the IRS may award whistleblowers an amount ranging from 15 to 30 percent of any collected proceeds from a business that is found to have committed tax fraud. In addition to back taxes, this award may also include penalties, interest and other assessed financial penalties. However, this amount is subject to various restrictions.
If the failure to report taxes was uncovered in part by an audit, investigation or by means other than the whistleblower’s sole report, the whistleblower may be entitled to an award of up to 10 percent of the proceeds. If the whistleblower actively engaged in the fraud, any award may be reduced, or eliminated entirely if the whistleblower is convicted of criminal charges.
If you suspect or know that your employer is failing to report taxes, it is important to be proactive and get in front of the problem right away. This can reduce or eliminate any potential liability, and put you in a position to maximize your reward. The tax attorneys at Kundra & Associates can take a close look at your claims and let you know whether you may have a case with the IRS. We will work hard to ensure that your rights and interests are protected.
Call For A Consultation With Our Experienced Tax Attorneys
If you want to know about what you can do to address an employer’s tax fraud, we can help. Contact our Maryland whistleblower lawyers online or call 301-637-8130 to schedule an initial consultation to discuss your situation.