Thursday, March 15, 2007

The IRS Wants You to Become a Partner

Smart Money reports:
There's a new sheriff in town and his name is John Doe. And he may be in the cubicle next to you.

Under a newly amended rule from the Internal Revenue Service, ordinary citizens can help the tax man cometh, or at least collect. The new Whistleblower Office is the IRS's attempt to give incentives for you to rat out the tax cheats you know.

That's right. If your employer, co-worker, landlord, neighbor or father-in-law is raking in fistfuls of cash and bypassing Uncle Sam, you can anonymously report the abuse to the IRS and snag a windfall from their dishonesty.

As long as the total amount of tax fraud comes out to at least $2 million (including penalties, interest, and whatever else the government ultimately collects based on your report), you can get a 15 to 30 percent cut.
This has a certain Stalinist ring to it.Anyway,it appears the welfare state is getting expensive.