Lime, you had better make sure that you completed your W-2 correctly, or you could be on the receiving end of a qui tam action filed by yojoe.
The Tax Relief and Health Care Act of 2006, (26 U.S.C. § 7623), provides additional incentives for those who come forward with information about individuals or other tax entities who have underpaid their taxes. The IRS has had an informant-reward program since 1954, but the provision was not used extensively by qui tam lawyers (a.k.a. bounty hunters) because the government was free to deny a reward, or bounty. Under the new law, a whistleblower can file an appeal with the U.S. Tax Court to enforce her right to a reward. This reward may be up to 30% of the amount recovered by the IRS.
It is unlikely, however, that H-Lime has much to fear as the jurisdictional minimum for the new law is $2 million, including taxes, interest, and penalties. Even with his lucrative second income as a professor, it is unlikely that the Lime makes that kind of money.
yojoe
P.S. As Mr. Lime is a very honest and trustworthy fellow, it is unthinkable that he would cheat on his taxes.
You know, yojoe, there is something called an “audience” out there. Are we really trying to be “Punch & Judy,” or perhaps could you find someone else to pick on? Then again, emulating something that attracts legions of Brits can’t be all wrong.
Not that I mind it every once in awhile . . . but I’m having a hard time finding anyone other than “H Lime” as the culprit in your hypotheticals . . . Hmmm. How to use yojoe in a hypothetical . . .
Affectionately,
Harry
Lime,
Our audience for legal developments should not have too much heartache over a little humor with their information. Latest changes to the USC, qui tam actions, this is substance. Remember a spoon full of sugar helps the medicine go down. The law is to be studied, but also enjoyed.
yojoe
I agree, Punch & Judy is quite funny. I must be too dry (or simply not funny). I was trying to rib you yet again, and you took me seriously. I’ll keep my day job.
Harry