How the IRS whistleblower program works and the highest award of $105 million to one person

The IRS pays awards to people who provide specific and credible information to the IRS if the information results in the collection of taxes, penalties, interest or other amounts from the noncompliant taxpayer. The IRS looks for solid information, not guesses or speculation. If the taxes, penalties, interest and other amounts in dispute exceed $2 million, and a few […]

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Convicted Caymen Island financial advisors jailed and also become IRS whistleblowers

Eric St-Cyr, a Canadian investment advisor working from his Cayman Island-based financial advisory firm, Clover Asset Management and Canadian Attorney Patrick Poulin, have been sentenced to 14 months in prison for conspiring to launder money. Now, the two men are cooperating with the Internal Revenue Service (IRS) in investigations from the information they have provided. […]

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Congress makes IRS whistleblower program easier and more lucrative for whistleblowers reporting major tax evasion

The IRS whistleblower program which allows tax whistleblowers to receive between 15 to 30 percent of any proceeds the IRS collects based upon original information provided by the whistleblower, has now been broadened and significantly strengthened by Congress in favor of the whistleblowers. For years, the IRS has fought with whistleblowers as to what should […]

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IRS whistleblower claims JP Morgan flaunted IRS rules on pension funds and may owe millions

A whistleblower who has not been named,says that JPMorgan’s misdeeds concerning pension funds violated IRS rules and that the company did not comply with its fiduciary responsibility by favoring its own funds. The whistleblower, is a former JPMorgan employee who is working with the U.S. Securities and Exchange Commission early in its investigation, has filed […]

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IRS tax expert takes down on-line drug lord

There is an interesting article in the December 25 New York Times about Gary L. Alford a special agent with the Internal Revenue Service assigned to work with the Drug Enforcement Administration (DEA). It appears that Alford, 38, figured out who was running a web site called Silk Road, which was selling $300,000 of heroin […]

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