Archive for August, 2008
Friday, August 22nd, 2008
The Tax Whistleblower Reward Program will see its first primetime exposure in the criminal tax case of CEO Joseph Francis, whose company makes the "Girls Gone Wild" videos. Francis claims that his fomer top finance executive, Michael Barrett, turned him in to the IRS. Details of the Whistleblower case were revealed last ...
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Tuesday, August 12th, 2008
In a shocking article reported by CNN (http://money.cnn.com/2008/08/12/news/economy/corporate_taxes/index.htm?cnn=yes) the Government Accounting Office (GAO) announced its findings that 68% of American firms do not pay tax despite reaping nearly $2.5 trillion in revenue. This is the sort of abuse that the Tax Whistleblower Reward Program is designed to curb. The study was requested ...
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Friday, August 8th, 2008
As a principal of www.rewardtax.com, I am frequently asked by Whistleblower clients, who happen to be accountants, whether they are at risk for turning in a client for tax malfeasance. I read a very interesting article this week authored by Cara Patterson that was published by The Trusted Professional, the newspaper of ...
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Sunday, August 3rd, 2008
In operation just over a year, the IRS is showing that it is serious about the new Tax Whistleblower Law (IRC § 7623). Congress expected big things from the tax whistleblower legislation it passed, which took effect on December 20, 2006. The IRS has stepped up to the plate and ...
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Friday, August 1st, 2008
Recently Senator Charles Grassley (R-IA) speaking of the Tax Whistleblower Reward Program praised whistleblowers for their courage and patriotism. Grassley, perhaps understanding economics, finances, Congress and the American people better than Reid, stated that “whistleblowers often risk their careers to expose fraud, waste, and abuse in an effort to ...
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