by Scott Knott | Sep 9, 2021 | Aggressive Tax Positions, Taxpayer Underpayment, Whistleblower Awards
The US Treasury just released a Report authored by Natasha Sarin, Deputy Assistant Secretary for Economic Policy, titled “The Case for a Robust Attack on the Tax Gap” , and it provides new information on what the Government views as to what constitutes the...
by Lynam Knott | Nov 7, 2018 | FBAR, Featured, Whistleblower Awards
Today the GAO released a study wherein they looked at the ability of the IRS to track and then pay awards on monies that are collected by the Government relating to “FBAR” violations. Recall that FBAR stands for the “Reports of Foreign Bank and Financial Accounts” ...
by Lynam Knott | Nov 17, 2017 | Award Determinations, Criminal Fines, Guidance, Whistleblower Awards
Late on November 16th, the Senate Finance Committee voted to approve its iteration of the Tax Cuts and Jobs Act, passing the measure on a party-line 14-12 vote. The full version can be found here. Of particular interest to our readers here is one of the...
by Lynam Knott | Sep 11, 2017 | State Tax Whistleblower, Whistleblower Awards
There seems to be as many ways to cheat on your taxes as there are taxes. State sales and use taxes are no different. Some may not realize it but sales and use taxes are two different taxes. Sales tax is usually collected by the seller at the time...
by Lynam Knott | Jun 13, 2017 | Award Determinations, Guidance, Judicial Review, Whistleblower Awards
The United States Tax Court held in Smith v. Commissioner of Internal Revenue that the threshold limitation found in section 7623(b)(5) have “clear meaning” and were intended to limit the nondiscretionary award regime to larger cases. The Court...
by Lynam Knott | May 25, 2017 | Administration of Whistleblower Claims, Award Determinations, Judicial Review, Whistleblower Awards
Today the Tax Court issued an opinion, Whistleblower 4496-15W v. Commissioner of Internal Revenue, granting the IRS’s motion for summary judgement. In this case, the informant had received a preliminary award determination for an award of $2,954,933. ...
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