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IRS Boosts Whistleblower Reward Program

January 17, 2011
www.fa-mag.com

(Bloomberg News) The Internal Revenue Service, reversing an earlier position, proposed rules making it more likely informants will collect a reward when they blow the whistle on tax-dodging employers, neighbors or family members.

The agency proposed regulations today that make it easier for whistleblowers whose information results in denial of refunds or a reduction in deductible losses to get rewards of as much as 30% of the amount involved. Earlier guidance tied reward payments to a portion of additional taxes paid as a result an informant’s tip.

 

Read the full article at https://www.fa-mag.com/fa-news/6683-irs-boosts-whistleblower-reward-program.html

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