Archive for the ‘News’ Category
Thursday, December 18th, 2008
On March 24, 2008, the Treasury Department issued Treas. Reg. § 301.6103(n)-2T, which provides an exception to the anti-disclosure provisions under I.R.C. § 6103. Generally, an IRS employee is prohibited from disclosing taxpayer-specific information to anyone other than the taxpayer and the taxpayer’s representative. Treas. Reg. § 301.6103(n)-2T creates an exception, which ...
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Tuesday, December 2nd, 2008
Notice 2008-111 clarifies the IRS's stance on a tax shelter known as Intermediary Transaction Tax Shelters (Intermediary Transaction). This transaction is being reported here in the hopes that honorable persons who have knowledge of others involvement in such tax shelters, will report what they know under the Tax Whistleblower Reward Program. A ...
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Sunday, November 30th, 2008
Nearly every country is experience a financial crisis. Therefore, it seems that the world is in tune to the underpayment of taxes.
As revealed in a recent article, the world's poorest countries lose $900bn each year - nearly 10 times greater than the global aid budget - through illicit flows of ...
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Monday, November 24th, 2008
The new (December 2006) IRS Tax Whistleblower Prgram appears to be successful beyond expectation. The IRS is nearing 500 open cases (in excess of $2,000,000)since the program began 23 months ago. In 2005 the IRS had only two cases that exceeded $2,000,000 under the informant reward program. It appears that ...
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Thursday, November 20th, 2008
The principals of www.RewardTax.com were recently asked a question by a Whistleblower, for which the answer is important enough to include in this blog. The Whistleblower is very concerned about confidentiality and does not want the target to know that he was turned-in under the Tax Whistleblower Reward Program.
The Whistleblower hopes that the ...
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Thursday, November 13th, 2008
In the on-going saga of the IRS vs. Swiss Banks, the IRS has raised the stakes. The U.S. has indicted Raoul Weil, a member of the executive board of UBS, for income tax evasion. The story was reported by the Wall Street Journal on Thursday, November 13, 2008. The principals at ...
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Tuesday, November 11th, 2008
At www.RewardTax.com, I frequently receive calls from potential Whistleblowers who are "on the fence" with regard to whether to hire an attorney or "go it alone." Although it is not necessary to hire an attorney to file a claim under the Tax Whistleblower Reward Progam, an attorney can be an ...
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Sunday, November 9th, 2008
The principals of www.RewardTax.com, Tom Pliske & Rob Stientjes, completed their presentation regarding the Tax Whistleblower Reward Program to the attendees of the 2008 AICPA Symposium in Washington, DC on October 29, 2008. The AICPA Symposium is attended by over 400 leaders of the largest and best CPA firms in the ...
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Sunday, November 2nd, 2008
I have blogged on several occassions about former executives of companies who become Whistleblowers against their former employers. In fact, I have heard more than one IRS employee comment regarding the Tax Whistleblower Reward Program, "The moral of the story is--Don't fire your CFO." This story, which I'm about to ...
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Tuesday, October 14th, 2008
A Whistleblower, who used to work at a big securities company, has been talking to the Office of the Tax Whistleblower Reward Program, regarding a pricing scheme involving municipal bonds. The story was first reported by Bloomberg Press. The Whistleblower alleges that the amount of underreported tax is equal to $300 million.
The Whistleblower has told the ...
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