Tax Court Confirms $17M Informant Award For Whistleblowers
By Chuck Stanley (January 31, 2017, 5:21 PM EST) -- The U.S. Tax Court on Friday awarded husband-and-wife whistleblowers $17.8 million for their role taking down a $74 million corporate tax fraud scheme, denying the IRS' motion for reconsideration.
The decision upholds the court's previous ruling that awards to whistleblowers should be based on all of the money collected by the U.S. government. Representatives for the unnamed petitioner praised the decision, which preserves a broad definition of the Internal Revenue Code's reference to "collected proceeds" related to whistleblower awards, saying it provides clear guidance to the incoming administration, including treasury secretary nominee Steve Mnuchin, in similar cases going forward.
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