• 305.576.4242
  • teiglawrence
foreign account
enforcement news

IRS Whistleblower News


March 16, 2020 - QUI TAM ECONOMIC WHISTLEBLOWING: THE NEW PARADIGM FOR PROSECUTING BANK FRAUDS
This cop operates strictly undercover. He or she may be your co-worker, “friend”, manager or even a client. The new policeman is the Qui Tam Economic Whistleblower.

January 16, 2020 - Whistleblower protections for accountants and tax professionals bolstered by new law
The TFA protects a broad range of disclosures about potential violations of IRS rules or tax fraud. It protects not only disclosures to the IRS, but also internal disclosures, including an employee’s disclosure to a supervisor or “any other person working for the employer who has the authority to investigate, discover, or terminate misconduct.”

January 15, 2020 -- IRS whistleblower awards declined steeply in FY19
The Internal Revenue Service’s Whistleblower Office made 181 awards to whistleblowers in fiscal year 2019, totaling over $120 million, according to a new report, and collected more than $616 million thanks to the tips it received, but both those numbers represented a sharp drop compared to the previous year.

January 8, 2019 - IRS Whistleblower Program Annual Report
Annual Report

January 7, 2020 - IRS Whistleblower Report Released — Awards Still Rolling
The IRS just released its annual report on the whistleblower program – showing over $616 million dollars brought into the Treasury thanks to the work of tax whistleblowers speaking out about tax evasion. While the awards to tax whistleblowers is not as high as last year’s record of collection of over $1.4 billion dollars and $312 million in awards – the awards for FY 2019 are still a solid $120 million (by comparison a marked improvement still over the $33.9 million in FY 2017 awards).

November 27, 2019 - Whistleblower’s motivation: you decide
Whistleblower information has forced changes that help keep citizens safer and ensure taxpayer money is more wisely spent.

October 24, 2019 - IRS, Not Whistleblower, Has Last Word on Disputes, Court Rules
Citing a prior case, Cooper v. Commissioner, 136 T.C. 597, T.C., 6/20/11, the court suggested that the petitioner was asking the court to direct the IRS “to undertake a complete re-evaluation of the facts in this matter, begin an investigation, open a case file, and take whatever other steps are necessary to detect an underpayment of tax.” But, the court said, that’s beyond the scope of what Congress expected under the whistleblower statute.

September 6, 2019 - Relief Procedures for Certain Former Citizens
The IRS announced procedures for certain persons who have relinquished, or intend to relinquish, their United States (U.S.) citizenship and who wish to come into compliance with their U.S. income tax and reporting obligations and avoid being taxed as a “covered expatriate” under section 877A of the U.S. Internal Revenue Code (IRC).

August 12, 2019 - Tax-cheat whistleblowers raking in record reward money under expanding legal protections
For the first time ever, whistleblowers have been granted legal protection against retaliation under a new law that went into effect in July. And the IRS is now required to notify them about the status of their claims no later than 60 days after a status change or upon written request.

June 17, 2019 - Congress Passes Grassley-Led Bipartisan IRS Reform Bill
Improves the IRS whistleblower program by: authorizing the IRS to communicate with whistleblowers during the processing of their claims, while also protecting taxpayer privacy; and extending anti-retaliation provisions to IRS whistleblowers that are presently afforded to whistleblowers under other whistleblower laws;

2019.4.29 - The Profitable Prospects of Snitching for the IRS
To date, the largest known IRS whistleblower award of $104 million went to Bradley Birkenfeld, a former private banker for UBS AG who did go public.

2019.3.19 - 2018 IRS Whistleblower Program Report to Congress
This year, the Whistleblower Office made 217 awards to whistleblowers totaling $312,207,590 (before sequestration), which includes 31 awards under IRC § 7623(b). The number of IRC § 7623(b) awards paid increased 14.8 percent compared to FY 2017. Proceeds collected were $1,441,255,859.

March 12, 2019 - EU protects whistleblowers with new directive
"Whistleblowers deserve support and protection from the moment they decide to blow the whistle," said the Commission's Justice department. "Great news that we have approval for EU-wide rules on whistleblower protection."

February 20, 2019 - U.S. Internal Revenue Service Whistleblower Awards Increase in 2018
The IRS Whistleblower Office released its annual report on awards under the program, showing 217 awards in 2018 for a total exceeding $300 million.

February 11, 2019 - IRS Reports Ten-Fold Increase in Tax Whistleblower Awards: $312 Million
Lee Martin -- just issued its FY 2018 annual report and announced that the IRS collected $1.441 billion in taxes, penalties and interest from big-time tax cheats in FY 2018 thanks to information provided by whistleblowers.

Items 1 to 15 of 57>>>|


© 2024 Teig Lawrence, P.A. | Disclaimer
4770 Biscayne Boulevard, Suite 940, Miami, FL 33137
| Phone: 305.576.4242

Form 3520 Penalty Relief | IRS Penalty Relief - Contingency Fee | IRS Offshore Voluntary Disclosures | IRS Cryptocurrency Disclosures | IRS Tax Controversies | IRS Whistleblower Claims | FATCA - Foreign Accounts | | About Us | News | Resources

-
-