The IRS Whistleblower Reward Program

The law provides for two types of awards. If the taxes, penalties, interest and other amounts in dispute exceed $2 million, and a few other qualifications are met, the IRS will pay 15 to 30 percent of the amount collected. If the case deals with an individual, his or her annual gross income must be more than $200,000. The vast majority of cases pursued by the IRS belong to this category.

There were some important and beneficial changes brought to the law in 2018. After much hearing and lobbying, the U.S. Congress finally decided to adopt a broader definition of the term “proceeds”. Under the new law, the whistleblowers could collect a much higher reward for their help. Under the new definition of “proceeds”, an IRS whistleblower will get paid a percentage of the entire criminal fines, forfeiture, or non-tax-related penalties collected by the IRS. Here are three examples of fraud a whistleblower can bring to the IRS attention and be rewarded for the information:

 

• The employee (whistleblower) could be in a position to collect tens of millions of dollars, resulting in the bank paying a fine. The employee (whistleblower) would be in a position to collect tens of millions of dollars.

• A foreign financial institution employee in Belize turns in a businessman with an undeclared account, when the IRS collects a penalty, the whistleblower could receive a portion of the money hidden offshore.

• An accountant discovers a corporate scheme to cook the books and report it to the IRS; the whistleblower is set to collect a portion of the money recuperated by the fisc.

 

The IRS also has an award program for other whistleblowers—generally those who do not meet the dollar thresholds of $2 million in a dispute or cases involving individual taxpayers with gross income of less than $200,000. The awards through this program are fewer, and rarely get brought to justice.

 

If you have information about corporations or individuals committing tax evasion, please fill up our encrypted confidential form and our partners will review your case for free. Our informant service helps connect crime whistleblowers with legal representation. Foreigners are eligible to receive a reward. Don't go at it alone. With Whistleblower Informant you will get the help you require. Let us review your eligibility for monetary rewards by submitting the information to our specialists. We assist truth tellers in shinning lights on whoever violates any types of tax evasions.

Find out more about the IRS Whistleblower Reward Program.