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Radical Personal Finance

1008: We Got Him! The Demise of the IRS Whistleblower and What We Need to Learn From It

Radical Personal Finance

Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP

Finance, Retirement, Insurance, Business, Money, Education, Self-improvement, Financial, Independence, Growth, Advice, Investing, Family, Personal, Radical, Christian, Faith

4.41.9K Ratings

🗓️ 23 April 2024

⏱️ 33 minutes

🧾️ Download transcript

Summary

The IRS whistleblower was caught and imprisoned. That's great news. But the problem doesn't go away.

www.HackProofCourse.com

Transcript

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0:00.0

One of the things that we got to do is when you get something wrong go back and correct the record and today I'm going to do exactly that

0:06.9

Welcome to Radical Personal Finance to show dedicated providing you with the knowledge skills

0:10.1

insight and encouragement you need to live a rich and meaningful life now while

0:14.1

building a plan for financial freedom in 10 years or less. My name is Joshua Sheets, I am

0:17.7

your host, and if you were to go back to June of 2021 and listen to episodes 794 and 797 of this podcast you would find

0:29.8

my discussion of the ProPublica articles titled The Secret IRS Files,

0:36.3

Trove of never before seen records reveal how the wealthiest avoid income tax.

0:41.4

This was a famous series of articles at the time. I think it was wound up being about a half dozen or at least that's what I read, something like that.

0:48.0

And these articles were all being written based upon publicly available,

0:53.0

excuse me, based upon leaked IRS tax returns

0:56.5

for the, some of the wealthy people in the United States.

1:00.8

Now this also was following a period of time in which President Trump's tax returns

1:06.7

to the IRS, which he had famously refused to disclose publicly as is or was the custom in the United States for presidential candidates.

1:15.3

His tax returns were leaked publicly and that made a big stir in the political space as well.

1:21.1

In those episodes I myself said, I doubt I'm skeptical that anyone would ever be brought to justice anyone would ever be found. It just seemed as though it was just too neat of a political trick. There was too much energy on behalf of the value

1:36.5

of the leaks for the political cause of the moment.

1:40.1

And I didn't think anyone would ever be caught, captured, or prosecuted.

1:45.1

I stand corrected.

1:46.9

We go now to justice.gov official press release from the Office of Public Affairs for

1:51.6

justice.gov. Date January 29, 2024.

1:56.0

Headline Former IRS Contractor sentenced for disclosing tax return information to news organizations. A former IRS contractor was

2:05.4

sentenced today to five years in prison for disclosing thousands of tax returns

...

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