March 15, 2011
Important Update on IRS's Whistleblower Program
LISI Income Tax Planning Newsletter
Tax Partner Kevin Packman authored a LISI Income Tax Planning Newsletter article titled "Important Update on IRS's Whistleblower Program."
Since at least 1867, the IRS has had authority to pay rewards to whistleblowers. The initial reward was a minimum of 1 percent of the amount recovered from the taxpayer, maximum of fifteen percent and a cap of $10 million. In the Tax Relief and Health Care Act of 2006, Congress introduced legislation that enhanced the whistleblower rewards, as well as created a whistleblower office within the Internal Revenue Service. On March 14, the Internal Revenue released final regulations in connection with written contracts among the IRS, whistleblowers and, if applicable, their legal representatives. In the article, Mr. Packman discusses the current state of the whistleblower program. To view the full article, please visit the link below.
Since at least 1867, the IRS has had authority to pay rewards to whistleblowers. The initial reward was a minimum of 1 percent of the amount recovered from the taxpayer, maximum of fifteen percent and a cap of $10 million. In the Tax Relief and Health Care Act of 2006, Congress introduced legislation that enhanced the whistleblower rewards, as well as created a whistleblower office within the Internal Revenue Service. On March 14, the Internal Revenue released final regulations in connection with written contracts among the IRS, whistleblowers and, if applicable, their legal representatives. In the article, Mr. Packman discusses the current state of the whistleblower program. To view the full article, please visit the link below.