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Get Paid To Turn In Tax Cheats

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    Get Paid To Turn In Tax Cheats

    If you know someone that is cheating on their taxes, what should you do? The IRS would like to know and they are willing to pay you up to $10 million for the information. The key to getting a reward from the IRS is the amount of money involved in the tax scam and how well you can document the tax fraud taking place.

    The IRS encourages people to call them (toll free 1-800-829-0433) if they suspect tax fraud, but they also admit that they don't get many quality leads from the people calling. The main reason is that most of the people calling are doing so for reason of revenge and/or don't have documentation of the fraud that is taking place.

    The more hard evidence you have, the better the chance you have of gaining the reward. If you're just calling with a hunch or because you want to get back at someone for some reason and don't have anything to substantiate your claims, it's unlikely that any action will be taken. Here is the information you'll need to provide at a minimum when calling:

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    1. Name or an alias (your real name is not needed at this time and your name will not be revealed to any unauthorized persons if you do receive a reward).

    2. The address of the person you're reporting

    3. The years the tax fraud has taken place

    4. The social security number or Employer Identification Number of the person you're reporting.

    5. Relevant financial records such as bank accounts and assets that pertain to the fraud.

    6. Documentations that substantiate the fraud such as accounting books and other records.

    7. The date of birth of the person you're reporting.

    If the IRS does investigate and recover money from your information, you may be entitled to between 1% and 15% of the money recovered up to a maximum of $10 million. The IRS won't make payments when the information leads to money recovered, but under their calculations doesn't amount to at least $100. This means that the tax fraud you report needs to be in the thousands of dollars at a minimum for any chance of you receiving a reward. For more information on how the IRS calculates rewards and how to claim them, you can read <A HREF="">IRS Publication 733 - Rewards for Information Provided by Individuals to the Internal Revenue Service</A> or from <A HREF=",,id=132336,00.html">IRS Policy Statement 4-27</A>.

    personall I could not bring myself to tell on someone cheating on their taxes, unless I really really didn't like them!