The new federal “whistle-blower” program is producing the desired effect. The law was changed in 2006 to provide rewards of up to 30% of the amount recovered from tax avoidance claims above $2 million.
According to a speech before the American Bar Association (ABA) Section on Taxation by IRS Whistle-Blower Office Director Stephen Whitlock, more than 900 cases were received by Sept. 12, 2008, after guidance was issued earlier last year. That’s a dramatic increase from the 80 cases that were submitted as large-dollar claims during the first 12 months of the program’s operation.
“In the last year, this thing has exploded,” Whitlock commented. “It’s working as it was intended.”
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