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U.S. Tax Court just gave a big win to whistleblowers in an IRS case dealing with “collected proceeds”. The opinion includes broad and sweeping definitions which includes criminal fines.
The IRS estimates the annual tax gap to be $406 billion, based on data from 2008-2010.
Wherever you go, there they are; misplaced priorities.
This is how they spend their enforcement resources in the UK.
The United States Tax Court considered a whistleblower-initiated case this week in which the IRS collected a Foreign Bank and Financial Accounts (FBAR) civil penalty “substantially in excess of $2,000,000 and a small amount of restitution."
One of the critical elements of the IRS whistleblower law (26 USC 7623) is the provision — (7623(b)(4)) — that allows the whistleblower to go to Tax Court for review of an IRS decision on their case. By providing that whistleblowers can go to Tax Court – Congress ensured that whistleblowers are not at the mercy of the IRS as to receiving an award.
The Taxpayer Advocate Service (TAS) has issued a report that says lack of IRS whistleblower communication is one of the most serious problems encountered by taxpayers. They urge the agency to revise regulations so administrative proceedings can start at an earlier date.
A new report by the Government Accountability Office finds widespread problems with the IRS Whistleblower Program. Despite collecting an additional $2 billion in revenue since 2011, the IRS whistleblower program is marked by procedural delays, whistleblower payment issues, and communication failures to stakeholders.
The law firm of Kenney & McCafferty announced Monday that three IRS whistleblower clients represented by the firm received awards under the IRS Whistleblower Program that returned over $48 million to the U.S. Treasury.
On August 31, 2015, Corporate Crime Reporter announced that an IRS whistleblower received an award totaling $11.6 million for information that led to tens of millions of dollars in recoveries.
"I’ll continue to look for progress and even more evidence that the IRS is offering a welcome mat to whistleblowers.”