Archive for September 13th, 2011

Hating your neighbor is as American as Mom, apple pie, and frivolous litigation. God knows I can’t stand mine.

No matter what I do, he’s got to find a way to one-up me. I come home with a new car, he buys a nicer one. I get the yard landscaped,  he adds a koi pond. I have a son, he has a good-looking son. And on it goes….

Since the advent of caller ID rendered unsolicited bulk pizza deliveries a thing of the past, guys like me have been desperately seeking a way to passive-agressively exact revenge on the guy next door. Well, if your neighbor has made known his disdain for paying taxes, the IRS has a way for you to hit him where it hurts, while lining your pockets in the process. From the Wall Street Journal:  

How to Turn in Your Neighbor to the IRS

If tax cheating sticks in your craw, the Internal Revenue Service has a deal for you: Turn in a lawbreaker and collect some of the proceeds.

The bigger the amount recouped, the bigger your take. The agency has two whistleblower programs: The small-awards program is for cases involving less than $2 million of tax, and the award can be as high as 15%, though it often is less. The large-awards program is more generous: For cases involving $2 million or more of tax, the reward can go as high as 30%.

Since then, according to just-released data, the agency has had 1,328 qualified submissions involving nearly 10,000 alleged tax cheats under the large-awards program.

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