×
Monday, November 25, 2024

IRS Whistleblowers Awarded $74 Million as Advocates Continue to Call for Reforms to Program - Whistleblower Network News

On September 18, the Washington Post reported that three anonymous whistleblowers were awarded $74 million by the Internal Revenue Service (IRS) for providing information about a large-scale tax evasion scheme which led to the IRS recovering $263 million from a single individual.

Through the IRS Whistleblower Program, qualified whistleblowers, individuals who voluntarily provide original information that leads to a successful IRS action, are eligible to receive monetary awards of 15-30% of the money collected thanks to their disclosure.

The $74 million award is one of the largest in the history of the IRS Whistleblower Program and nearly equals the total amount awarded to whistleblowers in the 2023 Fiscal Year. During FY 2023, the IRS awarded $88.7 million to whistleblowers based on the $337 million the agency was able to collect due to whistleblower disclosures.

“The IRS appreciates the valuable assistance it has received from whistleblowers and the tremendous support the whistleblower practitioner community provides to the IRS Whistleblower Program,” wrote IRS Whistleblower Director John Hinman in the program’s report for FY 2023. “Whistleblower information that the IRS can act on is an important component of effective tax administration as it bolsters the fair and effective enforcement of our nation’s tax laws, the success of our voluntary tax system, and our efforts to reduce the tax gap.”

Over the past several years, the total amount awarded to whistleblowers and...



Read Full Story: https://news.google.com/rss/articles/CBMi-gFBVV95cUxNb3Z4MlZOa05BbVo2Ti1lZ3VK...