The IRS has a program to reward those who blow the whistle on unpaid taxes by others. It offers financial incentives to disclose tax evasion, especially within large organizations.
For years, critics have contended that the program is not as effective as it should be. One such critic, Sen. Charles Grassley of Iowa, has been particularly persistent and positively persnickety in his pronouncements about the program.
In part one of this two-part post, we will outline some of the basic features of the program. In part two, we will take note of the criticism the program has received and update you on proposals for change.