Whistleblower Receives $38 Million from IRS
An anonymous whistleblower was awarded $38 million by the Internal Revenue Service (IRS) for providing information that resulted in the retrieval of $127 million to $254 million in corporate taxes.
The Wall Street Journal reports this award is the second-largest paid to a whistleblower under the 2007 program created by Congress to encourage individuals to expose fraud against the government. Under this initiative, whistleblowers may be awarded 15 percent to 30 percent of the taxes recovered by the IRS.
The lawyer for the whistleblower did not name the whistleblower or the company, but he did say it was one of the top 500 public companies in the country. A redacted copy of the IRS's award notice was released by the lawyer that verified that the whistleblower received around $38 million, reports the Journal.
IRS Commissioner Doug Shulman stated earlier this year that the IRS was trying to determine claims in 10 whistleblower cases.
If you or someone you know has information about practices that are defrauding the government, contact Sokolove Law today for a free and confidential legal consultation.