by Lynam Knott | Jun 2, 2011 | IRS Whistleblower Office, Uncertain Tax Positions
On June 1, 2011, Citizens for Tax justice issued a preliminary report [PDF] showing that 12 major United States corporations had a cumulative effective tax rate of -1.5% on $171 billion in United States profits. The preliminary report is a preview of a larger...
by Hilary Lefko | May 16, 2011 | Award Determinations, Criminal Fines, Guidance, IRS Whistleblower Office
Last week, Ferraro Law Firm partner, Scott Knott, spoke at the IRS’s public hearing on Proposed Treasury Regulations on the definition of “collected proceeds” in the context of paying whistleblower awards under section 7623. Scott joined other...
by Lynam Knott | Apr 8, 2011 | Award Determinations, IRS Whistleblower Office
A month ago on this blog I said “The first tax whistleblower award payments under the enhanced provisions of section 7623(b) are imminent, likely within the next couple months or sooner.” I got a lot of questions from colleagues and clients about it,...
by Lynam Knott | Mar 14, 2011 | Guidance, IRS Whistleblower Office
Treasury Regulations for section 6103(n), Disclosure of Return Information in Connection with Written Contracts Among the IRS, Whistleblowers, and Legal Representatives of Whistleblowers, were finalized today. The finalized regulations are essentially what were...
by Lynam Knott | Mar 7, 2011 | Award Determinations, IRS Whistleblower Office, Judicial Review
The first tax whistleblower award payments under the enhanced provisions of section 7623(b) are imminent, likely within the next couple months or sooner. It’s been a long time coming, but some whistleblowers are finally going to be awarded for turning in...
by Lynam Knott | Jan 18, 2011 | IRS Whistleblower Office
On December 13, 2010, the IRS Whistleblower Office published its annual report to Congress for fiscal year 2009 (PDF). The report revealed that the IRS Whistleblower Office has received a steady stream of information about multi-million dollar tax underpayments over...
Recent Comments