The Internal Revenue Service (IRS) has reported in its WhistleblowerProgram Fiscal Year 2018 Annual Report to Congress that information provided to the program in the past tax year has led to the collection of USD1.44 billion in taxes, penalties and interest from those attempting to cheat the system. Further, Lee Martin, Dir. of the IRS Whistleblower Office,
Reported a Tenfold Increase in the Awards Paid out to Whistleblowers in 2018: US$312 Million, up from US$33.9 Million in the 2017 Fiscal Year.
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. Included in the proceeds collected, as a result of § 7623(c), are the non-Title 26 amounts collected for criminal fines, civil forfeitures, and violations of reporting requirements amounting to $809,915,922. Title 26 amounts collected were $631,339,937. Award dollars to whistleblowers as a percentage of proceeds collected increased to 21.7 percent in FY 2018, up from 17.8 percent in FY 2017.
Whistleblower claim numbers assigned in FY 2018 increased by 2.9 percent from those submitted in FY 2017, and closures decreased by 11.2 percent.
I am excited to report that one of our improvement initiatives started in FY 2017, to provide whistleblowers information about their pending claims as early as possible, has resulted in the Whistleblower Office issuing 268 Preliminary Award Recommendation Letters (PARLs) months in advance of the Refund Statute Expiration Date.
Want a Reward of Between 15- 30% of
Underpaid IRS Tax Liabilities for
Blowing the Whistle on a Tax Cheat?
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Contact the Tax Lawyers at
Marini & Associates, P.A.
for a FREE Tax Consultation
at: www.TaxAid.com or www.OVDPLaw.com
or Toll Free at 888-8TaxAid (888 882-9243).
Read more at: Tax Times blog