“The Lion, the Polygamist and the Biofuel Scam,” was a title of a recent Wired article. An L.A. Aremnian mafia kingpin and a polygamous Mormon engineer joined forces with a crooked Beverly Hills lawyer in a renewable fuel tax credit fraud scheme that bilked taxpayers out of $1 billion dollars in clean-energy tax subsidies.
Tax cheats like this rake in billions at the expense of honest taxpayers – over the last decade there has been a $1 Trillion tax gap in our country. Some of it was underpaid, some was due to non-filing and almost $800 Billion was lost due to under reporting or straight out fraud. In this CLE, Neal Roberts will walk you through submitting a whistleblower claim to the IRS. Main topics covered: the history & background of IRS Whistleblower Law, the legal framework of IRS whistleblower laws and the structure of IRS Form 211. Additional subjects: taxes collected, the voluntary compliance rate, how we get the tax gap, IRS whistleblower award amounts 26 U.S.C. § 7623(b), who must file the Foreign Bank Account Report (FBAR), FBAR e-Filing Method, the Swiss Bank UBS Whistleblower Scandal, the Offshore Voluntary Disclosure Program (OVDP), transfer pricing (market-based, cost-based & Transactional Net Margin Method), the $3.4 billion GlaxoSmithKline PLC “transfer pricing” tax dispute and filing multiple TCRs.
Neal Roberts, the Managing Partner of ProtectUS Law, is an attorney licensed in California and the District of Columbia with more than 45 years’ experience in various aspects of law.