{"id":1169,"date":"2007-01-22T07:23:48","date_gmt":"2007-01-22T07:23:48","guid":{"rendered":"http:\/\/www.whistleblowerlawyerblog.com\/2007\/01\/tax_informant_rewards_increase.html"},"modified":"2021-06-11T17:57:21","modified_gmt":"2021-06-11T21:57:21","slug":"tax_informant_rewards_increase","status":"publish","type":"post","link":"https:\/\/www.finchmccranie.com\/whistleblower-blog\/tax_informant_rewards_increase\/","title":{"rendered":"Tax Whistleblower Rewards Increase"},"content":{"rendered":"<p>We are excited that, in December 2006, Congress dramatically increased the &#8220;rewards&#8221; to whistleblowers under the IRS Whistleblower rewards program.  Whistleblowers now can receive up to 30% of the taxes, interest, and penalties that the IRS recovers based on information furnished by a whistleblower in large tax cases.<\/p>\n<p>For years, the Internal Revenue Service has been authorized to pay informants reporting tax fraud a percentage of any back due taxes collected.  Usually the maximum percentage was approximately fifteen (15%) percent of the back tax recovered.  <\/p>\n<p>The <a href=\"https:\/\/www.whistleblowerlawyerblog.com\/new_irs_whistleblower_reward_s_2\/\">new whistleblower reform provisions passed by Congress <\/a>have changed this maximum, and now allow the Internal Revenue Service to consider not only the back tax amount, but also interest and penalties.  Given the amounts of money involved, and depending on the passage of time, the fines, penalties and interest in addition to the tax could be significant.  <\/p>\n<p>Moreover, the law changes the amount that goes to the informant from a fifteen (15%) percent cap to a thirty (30%) percent cap of all collected proceeds which again includes penalties, interest and the back tax.  The new provisions also allow an above-the-line deduction for attorney&#8217;s fees and cost paid by and on behalf of the individual in connection with any award for providing information regarding violations of the tax laws. The Internal Revenue Service must now create a Whistleblower Office within the IRS to administer the mandatory reward program.  <\/p>\n<p>Congress will require a yearly report to the Secretary of Treasury regarding the effectiveness of any reward program implemented by the IRS.  Congress estimates that these new provisions will raise $33 million over the next five years which is but a small fraction of the under reported income in the United States each year.  Nonetheless, it is an improvement over existing procedures.<br \/>\n <a href=\"https:\/\/www.finchmccranie.com\/whistleblower-blog\/tax_informant_rewards_increase\/#more-1169\" class=\"more-link\">Continue reading \u2192<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>We are excited that, in December 2006, Congress dramatically increased the &#8220;rewards&#8221; to whistleblowers under the IRS Whistleblower rewards program. Whistleblowers now can receive up to 30% of the taxes, interest, and penalties that the IRS recovers based on information furnished by a whistleblower in large tax cases. For years, the Internal Revenue Service has [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-1169","post","type-post","status-publish","format-standard","hentry","category-irs-whistleblower-program-for-tax-whistleblowers"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Tax Whistleblower Rewards Increase &#8212; Whistleblower Lawyer Blog &#8212; January 22, 2007<\/title>\n<meta name=\"description\" content=\"We are excited that, in December 2006, Congress dramatically increased the &quot;rewards&quot; to whistleblowers under the IRS Whistleblower rewards program. &#8212; January 22, 2007\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.finchmccranie.com\/whistleblower-blog\/tax_informant_rewards_increase\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Tax Whistleblower Rewards Increase &#8212; 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Whistleblower Lawyer Blog &#8212; January 22, 2007","twitter_description":"We are excited that, in December 2006, Congress dramatically increased the \"rewards\" to whistleblowers under the IRS Whistleblower rewards program. &#8212; January 22, 2007","twitter_misc":{"Written by":"Michael Sullivan","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.finchmccranie.com\/whistleblower-blog\/tax_informant_rewards_increase\/#article","isPartOf":{"@id":"https:\/\/www.finchmccranie.com\/whistleblower-blog\/tax_informant_rewards_increase\/"},"author":{"name":"Michael Sullivan","@id":"https:\/\/www.finchmccranie.com\/whistleblower-blog\/#\/schema\/person\/06cb979e5d74ec7f83f73b757da4331f"},"headline":"Tax Whistleblower Rewards Increase","datePublished":"2007-01-22T07:23:48+00:00","dateModified":"2021-06-11T21:57:21+00:00","mainEntityOfPage":{"@id":"https:\/\/www.finchmccranie.com\/whistleblower-blog\/tax_informant_rewards_increase\/"},"wordCount":497,"articleSection":["IRS Whistleblower Program (for Tax Whistleblowers)"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.finchmccranie.com\/whistleblower-blog\/tax_informant_rewards_increase\/","url":"https:\/\/www.finchmccranie.com\/whistleblower-blog\/tax_informant_rewards_increase\/","name":"Tax Whistleblower Rewards Increase &#8212; 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