_irs-awards-364-5m-to-whistleblower.jpg "IRS Awards $4.5M to Whistleblower from iowa mail health Video Screenshot Preview")
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⏲ Duration: 2 min 35 sec
✓ Published: 21-Sep-2012
✓ Published: 21-Sep-2012
Description:
PHILADELPHIA -- An in-house accountant who raised a red flag about a tax lapse that his employer then ignored, leading him to tip off the IRS, has received $4.5 million in the first IRS whistleblower award.nnThe accountant's tip netted the IRS $20 million in taxes and interest from the errant financial-services firm.nnThe award represents a 22 percent cut of the taxes recovered. The program, designed to encourage tips in large-scale cases, mandates awards of 15 to 30 percent of the amount recoup
PHILADELPHIA -- An in-house accountant who raised a red flag about a tax lapse that his employer then ignored, leading him to tip off the IRS, has received $4.5 million in the first IRS whistleblower award.nnThe accountant's tip netted the IRS $20 million in taxes and interest from the errant financial-services firm.nnThe award represents a 22 percent cut of the taxes recovered. The program, designed to encourage tips in large-scale cases, mandates awards of 15 to 30 percent of the amount recoup
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