The Internal Revenue Service is recognizing National Whistleblower Day by highlighting the success of its Whistleblower Program, which has helped recover more than $8 billion in taxes, penalties, and other amounts since the program began in 2007. During that same period, the IRS has paid more than $1.4 billion in awards to eligible whistleblowers whose information led to successful enforcement actions. National Whistleblower Day is observed annually on July 30, commemorating the nation’s first whistleblower protection law enacted in 1778.
How the IRS Whistleblower Program Works
The IRS Whistleblower Office accepts information from individuals with knowledge of significant tax noncompliance. In qualifying cases, whistleblowers may receive a financial award based on the amount the IRS ultimately collects as a result of the information they provide. The program is generally intended for substantial tax violations involving large unpaid tax liabilities rather than routine filing mistakes or minor errors. IRS officials say whistleblower tips continue to play an important role in identifying tax fraud and helping close the nation’s tax gap.
Program Focuses on Significant Tax Fraud Cases
According to the IRS, information submitted through the Whistleblower Program helps investigators uncover tax noncompliance that might otherwise go undetected. Agency officials say the program promotes fairness by helping ensure individuals and businesses that fail to meet their tax obligations are held accountable. People interested in learning more about eligibility requirements, award calculations, or the submission process can review information available through the IRS Whistleblower Office or consult a qualified tax professional.
What to Read Next
IRS Issues Correction to Updated Qualified Domestic Trust Regulations Under Section 2056A
Working, Overpayments, and 2 Other Reasons Social Security Benefits Can Change
The post IRS Whistleblower Program Has Recovered More Than $8 Billion and Paid Over $1.4 Billion in Awards Since 2007 appeared first on The Free Financial Advisor.