First of many payouts by the IRS to have Americans turn on Americans. We posted several stories earlier, and if this is not to turn us into a Nazi-Gestapo universe I do not know what will. Yes, everyone should pay their taxes. But at what price? Yes, Mr. Grassley, it will cause other people to squeal, but this is not Iowa. With thousands of pages in IRS Regs, many are subject to interpretation. Fix the Tax-code, then talk to me.
“It ought to encourage a lot of other people to squeal,” Sen. Charles Grassley told The Associated Press
An in-house accountant who raised a red flag about a tax lapse that his employer then ignored, leading him to tip off the IRS, has received $4.5 million in the first IRS whistleblower award.
The accountant’s tip netted the IRS $20 million in taxes and interest from the errant financial-services firm. CNS News
Unhappy with a family Member? Had a bad day at the office? Now you can make them spin in the wind. Now the lawyers go into a feeding frenzy. Here you go:
After the law was enacted, the Miami-based Ferraro Law Firm, which had specialized in personal-injury cases involving cancers related to asbestos, opened a Washington office that recruits and represents clients making whistleblower claims. The firm has said it made several claims alleging more than $1 billion in unpaid taxes. More Financial Advisor
The Internal Revenue Service, reversing an earlier position, proposed rules making it more likely informants will collect a reward when they blow the whistle on tax-dodging employers, neighbors or family members.
The agency proposed regulations today that make it easier for whistleblowers whose information results in denial of refunds or a reduction in deductible losses to get rewards of as much as 30% of the amount involved. Earlier guidance tied reward payments to a portion of additional taxes paid as a result an informant’s tip.
This is the latest in intimidation by our government. If you wonder why so many physicians have threatened to quit their practice, here is the number one reason. Bounty Hunters. Looking for a missing “bullet point” in the documentation or an inaccurate digit in the billing code. Best part, no legal redress of any dispute. Guilty as charged. Here tis:
Medicare’s billing codes are a complicated, convoluted mess and deciphering them can sometimes be more art than science. Both Republicans and Democrats huff and puff against “waste, fraud and abuse” in Medicare. And they have already enacted Stasi-style laws such as the False Claims Act offering nurses, patients and other whistleblowers 15 percent to 30 percent of any money recovered if they report improper billing practices by providers.
More chillingly, however, the administration is defining Medicare fraud down to include “unnecessary” and “ineffective” care. And to root this out, it plans to make expanded use of private mercenaries—officially called Recovery Audit Contracts—who will be authorized to go to doctors’ offices and rummage through patients’ records, matching them with billing claims to uncover illicit charges. What’s more, Obamacare increases the fine for billing errors from $11,000 per item to $50,000 without the government even having to prove intent to defraud.
There is nothing left but the coercive apparatus of the state to keep patients and doctors in line.