Individuals who give the IRS Whistleblower Office information about unpaid federal tax may qualify for cash awards. To be eligible, the tip must be credible, specific and relate to “tax underpayments or violations of internal revenue laws,” and the IRS must use the information to collect proceeds. One whistleblower claimed that the IRS used information the whistleblower provided to secure a $170 million settlement. A review of facts showed the IRS didn’t act on the whistleblower’s tips or collect proceeds as a result of those tips, and the settlement reached was unrelated to the whistleblower’s tips. The U.S. Tax Court found the claim was “without merit.” (TC Memo 2021-73) Call or visit our website for more information! www.mjscpa.com/
