On June 24, two whistleblower law firms, Kohn, Kohn & Colapinto and Zerbe, Miller, Fingeret, Frank & Jadav, working together at the Tax Whistleblower Attorney Group (TWAG), announced that the Internal Revenue Service (IRS) had issued a $20 million whistleblower award to clients of the firms.
“Today is good news for all honest taxpayers,” stated Stephen M. Kohn, founding partner of Kohn, Kohn & Colapinto. “Thanks to our client, a courageous whistleblower, the IRS collected over $88 million in taxes from eighty millionaires seeking to evade taxes.”
Through the IRS Whistleblower Program, qualified whistleblowers are entitled to monetary awards of 15-30% of the funds collected in the enforcement action connected to their whistleblowing. The IRS weighs a number of factors in determining the exact percentage to award a whistleblower.
“As important as the direct result of the whistleblower’s actions resulting in $88 million in taxes being collected, equally important is the deterrent impact on those thinking about cheating on their taxes,” Kohn added. “A strong tax whistleblower award program brings dollars in directly but as much, if not, more dollars indirectly through improved compliance by taxpayers.”
“The award of $20 million dollars is well-deserved for this whistleblower – whose efforts have benefitted all Americans,” said Dean Zerbe of Zerbe, Miller, Fingeret, Frank & Jadav. “I am especially appreciative of the leadership of the new Director of the IRS...
Read Full Story:
https://news.google.com/rss/articles/CBMitgFBVV95cUxPcjE4UGVQRXVONXpkTVNoeXNF...