Bankruptcy fraud refers to the fraudulent activities including providing false financial records or manipulated documents to judicial bodies following the body’s declared as bankrupt. It is very important that you can keep in mind that the costs brought on by such cases are eventually passed down towards the taxpayers. Therefore, you happen to be strongly recommended to report such frauds whenever you locate one. This way, you may be contributing towards keeping the cost of bankruptcy right down to an incredibly low amount.
Following is really a brief rundown regarding how to make it happen.
Contact The Internal Revenue Service To start with, you can contact IRS (Internal Revenue Service) and offer them reveal report of bankruptcy fraud associated with federal taxes or business dealings. The IRS has several branches in every single state. All you have to do is always to contact the nearest local branch in your state and get the authorities about the appropriate method to report such fraudulent activities. If it is in your knowledge and you are certain that a person is misusing practical information on state welfare while your bankruptcy filing, you need to immediately inform hawaii investigators from our IRS branch.
Make Sure That You Are Following The Right ProcedureBy reporting the cases of bankruptcy fraud, you’re definitely doing a positive thing for that public welfare, but it’s important that you should make sure that you keep to the right procedure. The good news is that state authorities who deal with the misuse of tax resources and budget issues have started offering good rewards to the active citizens who report such fraudulent activities. But, you can be qualified to receive that reward only if you follow the correct procedure. For example, you need sufficient evidence and proof simply your report. If your report lacks evidence, you’ll not be able to claim the reward.
Do Your Maths Before you contact hawaii authority to report bankruptcy fraud, you must do all your calculations thoroughly. For example, you have to determine the complete amount of cash that’s being misused in a bankruptcy case. You will have to perform thorough research and investigation to accumulate evidence in support of your report. For example, you might need to review business inventories, bankruptcy forms, and bank statements. The point is that you should have the ability to report the accurate money total.
What is much more, while you might be reporting bankruptcy fraud, you will also be required to disclose the means that helped you see all of the secret information concerning the fraudulent activities.