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Current Overview Of The IRS’s Whistleblower Program

By Juliet L. Fink
The CPA Journal
March 2020 Edition

Section 7623 of the Internal Revenue Code (IRC) allows for the payment of financial awards to those who blow the whistle on individuals or corporations that have deliberately underreported or underpaid their taxes. Such awards are based on the amount ultimately paid in such cases. This article explains the details of the whistleblower award program, including recent legislation and litigation that affect whistleblowers and their claims.