The IRS gave whistleblowers 105 awards totaling $123.5 million for information attributable to $474.4 million in tax revenue being collected in fiscal year 2024, the agency’s Whistleblower Office said in its latest annual report.
The total dollar amount of awards paid increased substantially from $88.8 million in FY 2023. The total number of awards in FY 2024, however, decreased from 121 in FY 2023 to 105 in FY 2024.
“Although the number of awards decreased in FY 2024, the claim numbers related to those awards was 700, which is the third highest since the start of the current Whistleblower Program in 2007,” the report states. “The total dollar amount of awards paid in FY 2024 was also the third highest in the program’s history. Awards paid as a percentage of proceeds collected were 26.0% in FY 2024, which is similar to FY 2023’s 26.3% and significantly above the program’s historical average of 17.7%.
The FY 2024 report covers the period from Oct. 1, 2023, through Sept. 30, 2024.
Here are some other key findings from this year’s report, courtesy of the IRS Whistleblower Office:
In FY 2024, IRC section 7623(b) [Awards to Whistleblowers] award payments were issued, on average, within 48 days of the date when all regulatory requirements were met. This is a 28% improvement over FY 2023 when the average was 67 days.
Overall average claim processing time (the time from the date a claim is received to the date an award is paid) for IRC section 7623(b) award payments made during...
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