IRS Pays $38M Award To Anonymous Corporate Whistleblower

Law360, New York (October 26, 2012, 10:06 PM EDT) -- The Internal Revenue Service has awarded $38 million to an anonymous whistleblower for telling the agency about a tax avoidance scheme at an unnamed large public corporation, the whistleblower's attorney announced Friday.

The IRS declined to reveal the amount of the tax collected from the Fortune 500 company to avoid alerting the company that it was the target of a whistleblower action, according to the whistleblower's attorney, Scott Knott of The Ferraro Law Firm. But the IRS is required by law to pay an award from...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.