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Is 15% Enough for you to turn me in to the IRS?
03-07-2010, 01:11 PM
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#1
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2004
Location: South Texas~29N/98W Just West of Woman Hollering Creek
Posts: 6,674
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Is 15% Enough for you to turn me in to the IRS?
Is a 15% reward enough for you to turn in a loved one?...just askin.
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Small–time crooks: The IRS's informant program has been around for more than 140 years. If you suspect a person is committing tax fraud and report it, you could receive up to 15% of the amount that has been underpaid, with a maximum award of $10 million.
Informants are required to complete a claim, which is available on the IRS Web site, and mail it to the agency or call the IRS tip line at 1–800–829–0433. While you must reveal your identity to the IRS, your name will not be made public.
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rat-out-a-tax-cheat-collect-a-reward: Personal Finance News from Yahoo! Finance
__________________
Part-Owner of Texas
Outside of a dog, a book is man's best friend. Inside of a dog, it's too dark to read. Groucho Marx
In dire need of: faster horses, younger woman, older whiskey, more money.
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03-07-2010, 01:34 PM
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#2
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Sep 2005
Posts: 5,381
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I depends upon how "loved" they are.
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03-07-2010, 01:57 PM
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#3
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Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,860
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Quote:
Originally Posted by mickeyd
Is a 15% reward enough for you to turn in a loved one?...just askin.
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Hunh... so you can put a price on love!
When spouse signs her 1040, in the "Occupation" block she puts "Innocent spouse".
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Co-author (with my daughter) of “Raising Your Money-Savvy Family For Next Generation Financial Independence.”
Author of the book written on E-R.org: "The Military Guide to Financial Independence and Retirement."
I don't spend much time here— please send a PM.
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03-07-2010, 06:52 PM
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#4
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2006
Location: Boise
Posts: 7,882
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I coulda (presumably) gotten a 15% reward for turning in my ex-spouse. She failed to report my lump-sum alimony payment like she should have. I had her dead to rights as I had a copy of her tax return (via a divorce action), a copy of my tax return, and a copy of the divorce decree. I thought about it for a long time and decided not to for some reason. I think maybe I was too lazy to be vengeful/justice-seeking.
2Cor521
__________________
"At times the world can seem an unfriendly and sinister place, but believe us when we say there is much more good in it than bad. All you have to do is look hard enough, and what might seem to be a series of unfortunate events, may in fact be the first steps of a journey." Violet Baudelaire.
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03-07-2010, 08:18 PM
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#5
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Thinks s/he gets paid by the post
Join Date: Oct 2009
Posts: 1,190
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Quote:
Originally Posted by SecondCor521
I coulda (presumably) gotten a 15% reward for turning in my ex-spouse. She failed to report my lump-sum alimony payment like she should have. I had her dead to rights as I had a copy of her tax return (via a divorce action), a copy of my tax return, and a copy of the divorce decree. I thought about it for a long time and decided not to for some reason. I think maybe I was too lazy to be vengeful/justice-seeking.
2Cor521
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Hope she stays on your "good-side" because I assume you have seven years from the year of infraction to change your mind and turn her in to the IRS.
Just saying...
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03-07-2010, 09:39 PM
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#6
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Recycles dryer sheets
Join Date: May 2005
Location: Newport Beach
Posts: 122
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I think the Stasi in the former East Germany had a similar plan.
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03-08-2010, 02:58 PM
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#7
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2004
Location: South Texas~29N/98W Just West of Woman Hollering Creek
Posts: 6,674
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Quote:
Originally Posted by SecondCor521
I coulda (presumably) gotten a 15% reward for turning in my ex-spouse. She failed to report my lump-sum alimony payment like she should have. I had her dead to rights as I had a copy of her tax return (via a divorce action), a copy of my tax return, and a copy of the divorce decree. I thought about it for a long time and decided not to for some reason. I think maybe I was too lazy to be vengeful/justice-seeking.
2Cor521
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What's her name? I'm not that lazy...
__________________
Part-Owner of Texas
Outside of a dog, a book is man's best friend. Inside of a dog, it's too dark to read. Groucho Marx
In dire need of: faster horses, younger woman, older whiskey, more money.
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03-08-2010, 03:01 PM
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#8
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2007
Posts: 14,328
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Quote:
Originally Posted by newporttony
I think the Stasi in the former East Germany had a similar plan.
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Oh, that was just their version of Neighborhood Watch.......
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03-08-2010, 03:06 PM
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#9
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Recycles dryer sheets
Join Date: Jan 2007
Posts: 211
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Amazing that a rule like that could be around for 140 years in view of the fact that the 16th amendment wasn't ratified until 1913.
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03-08-2010, 05:04 PM
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#10
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Full time employment: Posting here.
Join Date: Mar 2008
Posts: 800
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For 15% of $1,000, no.
For 15% of $10,000, no.
For 15% of $100,000, maybe.
For 15% of $1,000,000, probably.
For 15% of $10,000,000, yes.
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03-08-2010, 06:16 PM
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#11
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Sep 2005
Location: Northern IL
Posts: 26,888
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Heck, I'd do it for 0%. They oughta pay, if that is the law.
Most of those laws should be changed, but until they are...
-ERD50
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03-10-2010, 10:12 AM
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#12
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Thinks s/he gets paid by the post
Join Date: Mar 2005
Posts: 2,603
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Talking to a contractor yesterday ... tells me that he got slapped with an IRS lien for 150k in back payroll taxes. Now it all makes sense ... disgruntled employee looking for an easy buck.
This got me thinking about a different contractor who I paid about 200k cash to (building a home). This one was an idiot ... left me with a mess to cleanup. Wouldn't it be nice to settle the score ... I know he didn't report the cash. Then I read this:
Quote:
While the names of informants aren't made public, Gagnon said that a person's identity often becomes obvious based on the proof provided.
"Certain records show up and they can figure out where they're coming from," he said.
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Something tells me I'ld find cement in my septic system - or worse.
Never mind.
__________________
FIRE'd since 2005
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03-10-2010, 10:20 AM
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#13
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,021
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Quote:
Originally Posted by tryan
Talking to a contractor yesterday ... tells me that he got slapped with an IRS lien for 150k in back payroll taxes. Now it all makes sense ... disgruntled employee looking for an easy buck.
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...and a tax cheating employer to supply same.
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Numbers is hard
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03-22-2010, 05:28 AM
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#14
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Confused about dryer sheets
Join Date: Mar 2010
Posts: 5
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Quote:
Originally Posted by SecondCor521
I coulda (presumably) gotten a 15% reward for turning in my ex-spouse. She failed to report my lump-sum alimony payment like she should have. I had her dead to rights as I had a copy of her tax return (via a divorce action), a copy of my tax return, and a copy of the divorce decree. I thought about it for a long time and decided not to for some reason. I think maybe I was too lazy to be vengeful/justice-seeking.
2Cor521
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Did you deduct your alimony? Did you put her correct SSN on your return as required? Then the job is done. No reward except the good feeling of "ravange" as Ivana Trump says. IRS will either accuse you of faking alimony payments (got cancelled checks?) or her of not reporting, and probably both.
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03-22-2010, 12:26 PM
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#15
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2006
Location: Boise
Posts: 7,882
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Quote:
Originally Posted by Borbastic
Did you deduct your alimony? Did you put her correct SSN on your return as required? Then the job is done. No reward except the good feeling of "ravange" as Ivana Trump says. IRS will either accuse you of faking alimony payments (got cancelled checks?) or her of not reporting, and probably both.
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Yes, yes, and yes. I don't fear the IRS on this item, I did everything correctly.
At the moment I think the "good feeling of ravange" is over-rated.
2Cor521
__________________
"At times the world can seem an unfriendly and sinister place, but believe us when we say there is much more good in it than bad. All you have to do is look hard enough, and what might seem to be a series of unfortunate events, may in fact be the first steps of a journey." Violet Baudelaire.
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03-22-2010, 12:39 PM
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#16
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Sep 2005
Location: Northern IL
Posts: 26,888
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Quote:
Originally Posted by SecondCor521
Yes, yes, and yes. I don't fear the IRS on this item, I did everything correctly.
At the moment I think the "good feeling of ravange" is over-rated.
2Cor521
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I don't know why you see it as revenge of any sort?
Holding someone to their responsibilities is just that. Nothing more. If you were jumping through some legal loopholes to make her technically responsible for something that normally would not be the case unless you went through those extraordinary hoops, then I could see it. But she simply owes the money, right? No if,and,buts?
Quote:
She failed to report my lump-sum alimony payment like she should have.
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That sounds pretty straightforward to me.
PM me the info and I'll do it (I'm only half-joking). I'll donate the 15% to the charity of your choice. It's a win-win, the charity wins, the deficit is reduced, and maybe she will learn a lesson. Getting away with this will embolden her and everyone she tells about it to cheat on their taxes also.
-ERD50
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03-22-2010, 12:59 PM
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#17
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Recycles dryer sheets
Join Date: Jan 2009
Posts: 471
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I wonder if the government has any concept of the money lost to underground business deals. Every contractor I have had, has a nicer truck than mine.
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03-22-2010, 01:27 PM
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#18
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2007
Posts: 7,746
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Quote:
Originally Posted by tryan
Something tells me I'ld find cement in my septic system - or worse.
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I thought about reporting a number of businesses I am acquainted with that I have been informed cheat on taxes in a routine way. I don't have any first hand evidence, but it probably wouldn't be too hard to get some. But I'd be afraid of cement boots, not cement in my septic tank, were I to report these businesses and their owners.
For the curious minds, the businesses in question are retail/service oriented and encourage customers to complete cash transactions instead of leave a paper trail with credit card charges. They even have an ATM inside the store to facilitate cash transactions. The cash never goes on the tax books, and employees get paid partly in cash. I have not been informed of this, but I assume that some employees do not have proper documentation to work at these locations. All this is 2nd hand info.
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Retired in 2013 at age 33. Keeping busy reading, blogging, relaxing, gaming, and enjoying the outdoors with my wife and 3 kids (8, 13, and 15).
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03-22-2010, 10:29 PM
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#19
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2006
Location: Boise
Posts: 7,882
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Quote:
Originally Posted by ERD50
I don't know why you see it as revenge of any sort?
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I don't. I was quoting Borbastic.
Quote:
Originally Posted by ERD50
Holding someone to their responsibilities is just that. Nothing more. If you were jumping through some legal loopholes to make her technically responsible for something that normally would not be the case unless you went through those extraordinary hoops, then I could see it. But she simply owes the money, right? No if,and,buts?
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She made a mistake on her return. I don't know, and haven't bothered to figure out, if that would have resulted in additional taxes owed.
Speaking of responsibility, it's her responsibility to report her taxes correctly and the IRS's responsibility to enforce tax laws. It's my responsibility to pay my alimony, child support, and take care of my kids. I've got enough on my plate taking care of my own responsibilities.
Quote:
Originally Posted by ERD50
That sounds pretty straightforward to me.
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If those were the only facts, yes, it is straightforward. Three kids and knowing her for 26 years adds some context that I don't have time to share.
Quote:
Originally Posted by ERD50
PM me the info and I'll do it (I'm only half-joking). I'll donate the 15% to the charity of your choice. It's a win-win, the charity wins, the deficit is reduced, and maybe she will learn a lesson. Getting away with this will embolden her and everyone she tells about it to cheat on their taxes also.
-ERD50
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You're assuming she cheated intentionally. I am not certain that is the case.
2Cor521
__________________
"At times the world can seem an unfriendly and sinister place, but believe us when we say there is much more good in it than bad. All you have to do is look hard enough, and what might seem to be a series of unfortunate events, may in fact be the first steps of a journey." Violet Baudelaire.
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03-23-2010, 08:28 AM
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#20
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Sep 2005
Location: Northern IL
Posts: 26,888
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Quote:
You're assuming she cheated intentionally. I am not certain that is the case.
2Cor521
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sorry 2Cor521, didn't mean to strike a nerve. I did get the (apparently wrong) impression that she did it intentionally. Intentional tax cheats get on my nerves a bit, so that fed into my response (which was a bit more 'tongue-in-cheek than you interpreted it, but that happens with postings).
Take Care - ERD50
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