Why You Need to Know About IRS Information Referrals

Understanding the Importance of IRS Information Referrals

If you are a taxpayer, then you need to know about the IRS Information Referral Program. The program was created to encourage people to report suspicious or fraudulent activities that involve taxes, to help the IRS catch tax evaders and identity thieves. In this article, we will delve into why you need to know about these referrals and how they can help protect you and your financial interests.

What are IRS Information Referrals?

IRS Information Referrals are reports made by people to the IRS, regarding suspicious or fraudulent activities. These referrals can be made anonymously and are vital to helping the IRS identify and stop tax evaders and identity thieves. The IRS will investigate the claims made in a referral, and if found to be credible, will take appropriate action against the perpetrator.

Types of Suspicious Activities to Report

There are various types of activities that you need to report to the IRS. These include:

• Employers not paying their employees’ taxes or social security
• Businesses underreporting income
• Individuals who are not filing or reporting their income
• Identity theft activities related to taxes
• Fraudulent tax shelters or other tax schemes

Why Report Suspicious Activities?

There are several reasons why reporting suspicious activities is important. First, it helps protect you and your financial interests. By reporting suspicious activities, you are helping to prevent fraudulent activities that can result in serious financial losses. Second, reporting suspicious activities helps to promote tax fairness. Tax evaders are not only breaking the law, but they are also cheating honest taxpayers who are paying their fair share. Lastly, by reporting suspicious activities, you are helping to support the government’s efforts to catch tax evaders and identity thieves.

How to Report Suspicious Activities

Reporting suspicious activities is easy. You can report anonymously by calling the IRS hotline at 1-800-829-1040. You can also make a report online through the IRS website. If you choose to report online, you will need to provide your name and contact information, but this will be kept confidential by the IRS.

Conclusion

In conclusion, IRS Information Referrals are an important tool in the fight against tax evaders and identity thieves. By reporting suspicious activities, you are helping to protect yourself and your financial interests, promote tax fairness, and support the government’s efforts to catch tax evaders and identity thieves. So, if you ever come across any suspicious activities related to taxes, don’t hesitate to report them to the IRS. Remember, you can report anonymously and your information will be kept confidential.