The IRS has a whistleblower program, a program designed to pay people for information regarding tax cheats. The usual fee is about 15-30% of the tax collected.
Now that the program has been implemented, a number of law firms have just willy nilly started turning in companies for audit on whistle blower complaints.
The latest is the Ferraro Law Firm in Florida who's turned in two billion dollars in whistleblower complaints yet to be investigated by the IRS. What a great deal, if the IRS audits the company, comes up with 2 billion in revenue that's a cool 600 million for the firm; and the best part? They don't have to do one damn thing.
All the while, companies have to deal with the consequence of dealing with audits and IRS agents with no probable cause.
While the guys at my fellow conservative blogs NixGuy, Bizzyblog, and Smoke if you got 'em want to spend their time and energy making sure payday loan operations aren't ripping off the public, how about spending some of that energy on these low life parasites.
And the legal profession wonders why they have such a bad reputation.
1 comment:
See my stuff on Milberg Weiss.
What was that Whistleblower contact info again? (/kidding)
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