Monday, October 6, 2008

MEDICAL WHISTLE BLOWERS WANTED

WOULD YOU BE A MEDICAL WHISTLEBLOWER

 

The government has a new weapon to get some of the $345 billion lost in taxes because of fraud and underpayment.  Be a whistle blower and get up to 30% of the amount the IRS recovers because of your being an informant.

The law in the past was a payment of a discretionary reward and the whistle blower had no process to appeal their rewards.  Now the rewards range from 15% to 30% of the dollars recovered and the amount received can be appealed to the U.S. Tax court.

It seems that about 5% of Medicaid providers (30,000) received over one billion dollars in 2006 ,and had accumulated substantial assets including million dollar house and fancy vehicle without paying their federal taxes.

Federal law will not allow taxpayer data to Medicare and Medicaid nor to their states.  They have no mechanism to prevent the providers from getting Medicaid payments.  So they are asking doctors and their employees  to detect the tax frauds that are occurring.

A form requires the whistle blower to give his personal information and the fact related to the violation, how he learned about the fraud, and the amount the taxpayer might owe.  The IRS initiates information if they think the case is worth their pursuing, since they would be the prosecutors.  They only investigate claims that will bring them substantial monetary return.

This seems like a valuable tool to stop tax fraud and waste by providers of Medicare, Medicaid, and other health care providers.

You would be wise to get an attorney to help you compile the information needed to submit to the IRS Whisteblower’s Office.  The valuable information you give, might give you a sizeable part of the recovery money.

Source:  IRC 7623 code

Would you blow a whistle for money?  Your comments are always appreciated.

Visit www.drneedles.com for more controversial medical topics.

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