Tax
May 24, 2012
IRS Whistleblower Office under fire
Recent reports intensify concerns about the effectiveness of the whistleblower program. By Matthew Zandi of Steel Zandi
In 2011, a certified public accountant tipped off the Internal Revenue Service about a tax lapse his company ignored, and received the first major award granted to a whistleblower by the tax collection bureau. Out of the $20 million in taxes and interest the IRS netted from the delinquent company, the whistleblower received $4.5 million - a 22 percent cut of the taxes recovered. This groundbreaking award came four years, three months, and 18 days...
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