John Bullis
For the Nevada Appeal

Back to: News
November 13, 2012
Follow News

John Bullis: Whistleblower rewards are limited

Congress changed the whistleblower rules in 2006, Internal Revenue Code Section 7623(b).

That change provides that if the taxes, penalties, interest and other amounts in dispute exceed $2 million the IRS will pay 15-30 percent of the amount collected as a reward to the whistleblower.

If the case deals with an individual, his or her annual gross income must be more than $200,000. If those thresholds are not satisfied, IRS, may in its discretion, pay for information relating to violations of the tax laws that result in recovery of tax.

IRS recently published its approval to pay a whistleblower $2 …

Explore Related Articles

Trending in: News

The Nevada Appeal Updated Nov 13, 2012 01:07AM Published Nov 13, 2012 01:05AM Copyright 2012 The Nevada Appeal. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.