Other examples of tax fraud
Recently, the IRS began focussing on large companies improperly classifying employees as independent contractors. For example, in December 2007, the IRS has asked FedEx Ground to repay hundreds of millions of dollars in unpaid taxes because it classified its drivers as independent contractors. If you know of another large company that is improperly treating some of its employees as independent contractors, it is worth contating Mr. Hesch to determine if you have a potential reward claim.
Below are just a few more examples of the ways people cheat on taxes:
- putting assets in another person's name
- failing to keep or concealing records of income
- paying by cash to avoid any written record of income
- claiming deductions that are bogus
- lying about ownership of assets
- mischaracterizing capital gains
- hiding assets overseas
- creating fictitious offshore companies
- embezzling funds or committing securities fraud (and not claiming it as income)
Don't be concerned if you do not see a particular fraud scheme on this short list. The reward program applies to any and all types of tax evasion, provided you have substantial support and the amount of fraud exceeds two million dollars. It the company or person under-reports taxes, you can get a reward of up to 30% of what the IRS recovers. The two keys are: (1) you need to have specific and credible knowledge of the tax underpayment, and (2) your attorney must present a convincing application that results in the IRS recovering back unpaid taxes.