Form 211

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Form 211

A form one files with the IRS to report unpaid taxes by another party. For example, an employee may file Form 211 if she has information indicating that her company is skimping on its corporate taxes. If the IRS collects additional taxes (and penalties) based on the information provided in Form 211, the filer may be eligible to receive a reward of up to 30% of the collection. In order to file this form, the accused tax cheat must make at least $2 million per year (if a corporation) or $200,000 (if an individual).