What Is It?

IRS tax evasion involves deliberate attempts to avoid paying owed taxes, often through illegal means such as underreporting income or inflating deductions.

Organizations Involved

Individuals, small businesses, corporations, and even tax preparers can engage in tax evasion. Examples include companies hiding income in offshore accounts or individuals falsifying deductions to reduce their tax liabilities.

Reportable Activities

Key violations include:

• Underreporting or concealing income
• Claiming false deductions or credits
• Failing to file tax returns
• Using offshore accounts to evade taxes

Reporting such fraud under financial whistleblower programs helps maintain integrity in financial markets and protects investors. To report securities fraud, the SEC Whistleblower Program is your best route. Financial whistleblowers can file reports of fraudulent activities and may receive monetary rewards if their information leads to a successful enforcement action. For optimal results, it is advised to seek the assistance of a whistleblower attorney who specializes in securities law to guide you through the process and protect your rights. Support of a whistleblower law firm can also ensure your anonymity and help maximize any potential reward.

Read about Government programs and laws governing financial fraud here