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(Washington Post)   Snitches get riches   ( divider line
    More: PSA, IRS, whistleblowers, cops  
•       •       •

5170 clicks; posted to Main » on 05 Apr 2014 at 2:16 PM (3 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»

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2014-04-05 03:18:21 PM  
1 vote:

Kevin Lomax: The drawback to this is you have to find real tax cheats that screwed the IRS out of 2 million bucks.

Difficulty: anyone cheating that much on their taxes can lobby to get their cheating legalized or pay accountants and lawyers to make sure it's "cheating" and not cheating.

You'd basically need the dumbest rich person ever. I'd suggest starting with pro athletes.

I'll tell you a tale from 10 years ago. I had started my own business after getting my license to do electrical work in Massachusetts. I didn't file taxes for 2003 and 2004. In 2005 I worked for a company for a short time and got a W-2. So I filed my taxes because I figured the IRS would know. So I did my taxes, added some income from my personal business and tried to write off my truck for the entire time I had been in business.

Well this set off the red flags in the IRS computing program and I was audited. Because I wasn't rolling in bucks, I decided the best thing to do was have the agent come to my small apartment for the audit.

First question he asked me was, "Do you believe that the information on your return is true and correct?"

I said, "No, I messed up and was trying to write off everything in this one year."

He said, "OK. I can understand that. What I hate is the people who claim they donated thousands of dollars to charity, then it turns out they didn't donate anything."

Because I was honest, he took everything I said after that as fact. He even helped me by letting me write off things like work clothing and tools even though I had no receipt.

All in all I had to pay about $10000 in back taxes for 2003, 2004, and 2005. They can only go back 3 years including the year you're audited. He told me he was pretty sure his supervisor would accept my returns because of the net gains to the IRS.

The point of my CSB is two-fold.

#1 I want people to fear the IRS a little bit less.

#2 Even a little guy can beat the IRS once in awhile.
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