The government needs to recoup unpaid taxes, estimated at $688 billion, by encouraging insiders to report tax fraud, offering them protection and rewards.
Recent IRS whistleblower awards exceeding $79 million highlight the potential of financial incentives to uncover tax avoidance schemes, ultimately benefiting national revenue.
A revitalized IRS whistleblower program, marked by significant success stories, can inspire more individuals to step forward with crucial information about tax fraud.
The IRS's maximum award of 30% underscores the value placed on whistleblower contributions, effectively demonstrating a successful collaboration between taxpayers and the government.
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