I have now found a new way of making money in the news. In the news is how this anonymous person was responsible for tuning Enron in. The Washington post newspaper said “Before Enron was publicly exposed as a financial house of cards; a whistle blower tipped the Internal Revenue Service that the company was using abusive tax shelters to generate fictitious income, a law firm representing the informant said Tuesday. Now, more than a decade later, the IRS has paid that whistle blower a $1.1 million reward, the law firm said. “If the IRS had pursued this information in 1999 when my client first informed them of these abusive tax shelters, the government might have realized the depth of Enron’s problems and perhaps taken steps that might have helped avoid a total meltdown,” lawyer Erika A. Kelton of the Washington firm Phillips & Cohen said in a news release.”
Okay so now he or she is a millionaire. I want to be that person because according to another online sight through msn states: “The payout came from the new IRS Whistle blower Office, but was made under prior, less generous guidelines. Those older rules, which still apply in some instances, call for a reward of up to 15% of the money that the IRS recovers based on the information. The whistle blower office was revamped in 2006. Now when whistle blower information about alleged tax cheating leads to IRS collection of unpaid taxes and the subsequent recovery amount exceeds $2 million, the whistle blower can pocket up to 30% of the recovered money.” Okay so, if anybody is out there frauding the IRS for millions of dollars let me know so I can report you and get my retirement at 28.
My main point of this article is to say that see doing right thing pays off! It might take a decade but it’s still worth it in the long run! I would wait a decade for 1.1 million dollars.
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