National Report IRS Tax Fraud Day 2024 (US): Overall Report Annually, April 10 is observed as IRS Tax Fraud Day. Attorney Joel Hesch, who was a Whistleblower Reward Officer for the Department of Justice for sixteen years, established this day. In order to bring attention to the I.R.S. Whistleblower Incentive Program and similar incentives, this day was created. Later, in order to assist whistleblowers in claiming bounties under various government reward programs, such as the I.R.S. Tax Fraud Reward Programs, Mr. Hesch established an independent law firm.
Overview of the National Report Day of IRS Tax Fraud
In order to generate funds for the American Civil War and establish the Bureau of Internal Revenue, Congress ratified the Revenue Act of 1862. The ratification of the Sixteenth Amendment to the United States Constitution in 1913 granted Congress the authority to impose a source-independent income tax. In the interim, the Bureau of Internal Revenue was also established. Since its establishment in 1953, the Internal Revenue Service (I.R.S.) has undergone a number of modifications and reforms.
The responsibility for the majority of revenue collection lies with the I.R.S., which operates for the benefit of the federal government. It collected in excess of $4.1 trillion in aggregate taxes and processed over 261 million tax returns in 2021. In 1867, the Internal Revenue Service instituted a reward program to incentivize individuals to report instances of tax fraud. Unexpectedly, utilization of the previous tax incentive program was minimal.
The Tax Whistleblower Rewards Program, which was implemented by the I.R.S. in December 2006, stipulated minimum compensation levels and allowed a whistleblower to retain legal representation in order to recover the award amount. The new method, however, is applicable only to instances of tax fraud exceeding $2 million.
To qualify for a reward, the whistleblower is required to diligently submit comprehensive information along with the completion of I.R.S. Form 211. The information and documents may also be submitted by the applicant’s attorney. State and federal governments each have their own tax systems in the United States, and there are numerous types of taxes, such as property taxes, income taxes, sales taxes, and capital gains taxes.
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FAQs for National Report IRS Tax Fraud Day
The IRS tracks undeclared revenues in what manner?
Similar to how it investigates other undeclared transactions, the I.R.S. can scrutinize cryptocurrency transactions.
How much does the minimum wage pay?
The threshold for unmarried individuals who are below the age of 65 and have a cumulative annual income of $12,550 is subject to tax return filing.
What is your income tax liability in the United States?
In 2021, there are a total of seven tax brackets applicable to the regular income.
National Report IRS Tax Fraud Day 2024 (US) Activities
Proceed to the site
Developing an understanding of the Whistleblower Reward Program would be an excellent method to observe this day. To obtain further details, please refer to the official website.
Disclose an instance of tax evasion
If you have evidence that relates to tax fraud, you should consult with a seasoned whistleblower attorney. Determine whether your case is eligible for a reward.
Proclaim the word
Paying taxes, especially those incurred by others as a result of tax avoidance, is not something that anyone relishes. Utilize this day to raise awareness regarding tax fraud. Disseminate information on social media platforms regarding the application procedure for whistleblower rewards.
Five Interesting Tax Facts
The revenue statute
Annually, Americans spend $233.8 billion and 6.1 billion hours adhering to the tax code.
An increased workforce by twofold
The I.R.S. increased its identity theft and fraud prevention staff by more than twofold to 3,000 individuals in 2012.
Paper documents are prone to error.
The probability of errors is generally greater with paper documents in comparison to electronic ones.
Exempt-from-tax organizations
An estimated 1.5 million tax-exempt organizations are identified by the I.R.S.
The revenue statute
The average page length of the U.S. tax code is 450 words, and it contains more than one million words.
NATIONAL REPORT IRS TAX FRAUD DAY DATES
| Year | Date | Day |
|---|---|---|
| 2024 | April 10 | Wednesday |
| 2025 | April 10 | Thursday |
| 2026 | April 10 | Friday |
| 2027 | April 10 | Saturday |
| 2028 | April 10 | Monday |
