Blogs Posts About IRS
There has been quite a bit of news in recent years about US companies “inverting” – companies reincorporating or merging their company abroad to dodge U.S. taxes – and most of that news has centered around the tax avoidance strategy known as Double Irish with a Dutch Sandwich. This scheme has allowed some of the most profitable companies in the United States to relocate their corporate headquarters overseas and as a result, avoid billions in taxes.
In a bi-partisan opinion editorial in POLITICO Magazine, former and current Senate Finance Committee Chairmen Chuck Grassley (R-IA) and Ron Wyden (D-OR) take a punch at the dysfunctional mess that has been the IRS whistleblower program
Some 22 months after a whistleblower filed a case (Form 211, Application for Award for Original Information) with the IRS Whistleblower Office, he/she received a letter saying he/she was "not eligible for an award.”
The whistleblower appealed the decision to tax court in a timely manner. Over six months later, after the whistleblower had appealed to Tax Court, he/she received a letter saying the IRS Whistleblower Office had "made a mistake" and that no reviewable determination had been made.
The IRS is in a billion-dollar transfer tax battle with Medtronic, a company that has been repeatedly nailed under the False Claims Act for Medicare and Medicaid fraud.
The IRS’s new Whistleblower Report for 2013 provides insights as to the nature and number of upheld or “suspended” claims, but the same report projects that the number of payments to whistleblowers will not “grow dramatically” in FY 2014 – an area of concern, as a tidal wave of cases have been filed since 2006.
On April 11, TAF Education Fund Chairman Neil Getnick delivering testimony before the IRS concerning proposed rules for implementing the IRS Whistleblower Program.
On March 4th, the Internal Revenue Service issued a Sequester Notice from the Whistleblower Office announcing that under the current budget sequestration the IRS would be making a reduction in awards under the IRS whistleblower program of 8.7%.