by Lynam Knott | Jan 30, 2012 | Award Determinations, Criminal Fines, IRS Whistleblower Office, Whistleblower Awards
Congratulations to our associate, Erica Brady, for the publishing of her article, Does Tax Crime Pay (Whistleblowers)?, in the February 2012 edition of TAXES–The Tax Magazine published by CCH. She has previously blogged about criminal fines as tax whistleblower...
by Lynam Knott | Jan 12, 2012 | Aggressive Tax Positions, Taxpayer Underpayment
In the tax world, unlike Hollywood, we really don’t get that many juicy stories. However, when the “stars” embarrass themselves with their tax troubles, we are provided relief from yet another story about, for example, the material...
by Lynam Knott | Jan 10, 2012 | Aggressive Tax Positions, Taxpayer Underpayment, Whistleblower Awards
The IRS estimates that the gross tax gap for 2006 is $450 billion, or 17 percent of taxes. The gross tax gap is the amount of the true tax liability faced by taxpayers that is not paid on time. After its enforcement efforts, the IRS estimates that the net...
by Lynam Knott | Dec 12, 2011 | Award Determinations, Guidance, Judicial Review
The decision of the Tax Court in Whistleblower 14106-10W v. Commissioner should encourage tax whistleblowers that their identity will be protected if they choose to avail themselves of their judicial appeal rights under section 7623(b)(4). The Tax...
by Lynam Knott | Nov 22, 2011 | Aggressive Tax Positions, Taxpayer Underpayment
Bloomberg News/Businessweek’s Jesse Drucker makes an astute observation about how billionaires either delay or escape income taxes in his article “U.S. Billionaires Avoid Reporting Cash to IRS.” The article describes how several people on the...
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