If you are aware of an individual, business, or tax-exempt organization that is cheating on its taxes, you can now report the person or business on the IRS’ website, anonymously to the offender, and receive up to 30% of proceeds collected by the IRS. It will be...
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Taxes
Four Million Children Enroll for Tax-Favored Trump Accounts
Thanks to President Trump and the One, Big, Beautiful Bill, four million children born after January 1, 2025, have signed up to receive a tax-favored account of $1,000. Beginning July 4, 2026, the parents, relatives, friends, philanthropic organizations and others...
The IRS Fails at Initial Efforts to Reduce High Costs
The IRS spends millions of dollars each year digitizing paper tax returns, and storing them. While only six percent of individuals file tax returns by mail, the processing cost for those returns makes up 72% of the total processing costs per filing season. The IRS set...
Rat Out Tax Cheats with New IRS Online Portal and Receive Reward
As long as people have been cheating on their taxes, other people have turned the tax cheats into the IRS. In 2007, the IRS launched a program to provide a portion of the proceeds to the whistleblowers. To date, the IRS has paid out over $1.4 billion to...
