IRS Awards $4.5M to Whistleblower

PHILADELPHIA — An in-house accountant who raised a red flag about a tax lapse that his employer then ignored, leading him to tip off the IRS, has received $4.5 million in the first IRS whistleblower award.

The accountant’s tip netted the IRS $20 million in taxes and interest from the errant financial-services firm.

The award represents a 22 percent cut of the taxes recovered. The program, designed to encourage tips in large-scale cases, mandates awards of 15 to 30 percent of the amount recouped.

HERE

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One Comment to “IRS Awards $4.5M to Whistleblower”

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