The economic incentives in the Tax Whistleblower Reward Program are designed to encourage insider tax fraud informants and tax fraud whistleblowers with knowledge and evidence of large tax violations and tax fraud schemes to step forward and report the massive tax fraud. The IRS is hoping that there will be several tax fraud whistleblowers and tax fraud informants that will help them detect and collect on an estimated $3 Trillion in illegal offshore accounts as well as several other tax-avoidance schemes that have been perpetrated by billionaires and millionaires as well as large corporations.
Ex-UBS clients get year in prison in offshore tax dodge case
"Two former clients of UBS AG were sentenced on Monday to a year and a day in prison, matching what records show as the longest prison term ordered so far in a sprawling investigation of offshore tax avoidance involving the Swiss banking giant. Sean and Nadia Roberts of Tehachapi, California, were also ordered to pay $3.2 million in restitution and fines, the U.S. Justice Department said. He is 77 years old and she is 64. The couple pleaded guilty in 2011 to filing a false income tax return. From 2004 to 2008, they failed to report interest income from millions held in offshore accounts, falsely deducted bank transfers and under-reported income, prosecutors said."
If you are aware of illegal offshore account tax fraud, underpayment of taxes, tax avoidance, or other IRS tax fraud and would like more information on this topic, please feel free to contact IRS Tax Fraud Whistleblower Lawyer Jason Coomer via e-mail message or go to the following web pages: IRS Tax Whistleblower Lawyer or Illegal Offshore Account Tax Fraud Lawyer.