The IRS Tax Whistleblower Rewards Program, With Joe Piacentile

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By Bob Oliver


The IRS Tax Whistleblower Rewards Program was created in December 2006, modeled somewhat after the False Claims Act. If you are someone who has ever directed attention to fraud, you probably know about the FCA to an extent. By proxy, you may be somewhat familiar with the program mentioned earlier, but what if you are not? For those who are curious to know what this is all about, here are a few details from Joe Piacentile that you'd be wise to consider.

There's no denying the fact that many of us do not want to pay taxes. They take out quite a bit from weekly and biweekly paychecks alike, and we aren't always privy to what they are used for. Some of the most common reasons include - but are not limited to - the building of roads and the ongoing functions of educational establishments. Nonetheless, we continually pay taxes, since it's what we know. What happens, though, when people skip out on doing so? Joe Piacentile can tell you more.

Needless to say, certain problems can occur when taxes are not paid for as they should be. If you attempt to get away with this, know that you run the risk of reducing your credit score, which is just the beginning. In the long run, if you try to skip out on paying taxes, you'll actually owe more. Needless to say, this can be a problem, which is why I feel as though it is important for concerned individuals to take note of the IRS Tax Whistleblower Rewards Program.

With these details in mind, you may be curious as to what the eligibility of the IRS Tax Whistleblower Rewards Program entails. One of the most standout details, according to names like Joseph Piacentile, is that an individual's gross annual sum must exceed $200,000. In addition, that individual's potential level of debt - this could be related to tax or additional penalties - must be over $2 million. If these topics are covered, you will be able to benefit from this very program.

The IRS Tax Whistleblower Rewards Program comes with a number of details, some which stand out more than others. You may not always be involved in the process of whistleblowing, but who's to say that this can't help you in the future? When you're involved in this particular aspect of life, it's vital to be as prepared as possible. Information is the best tool that you can take advantage of, meaning that you should keep your mind open to obtaining more.




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