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IRS' Whistleblower Program is in High Gear!

IRS' Whistleblower Program is in High Gear!

It official that the IRS' Whistleblower Program is in High Gear!

The Internal Revenue Service issued its 2012 report to congress regarding the results of its' Whistleblower Program.

During FY 2012, the IRS received 332 whistleblower submissions relating to 671 taxpayers that, based on the face of the submissions, appear to meet the threshold of $2,000,000 in tax, penalties, interest, and additions to tax in section 7623(b). Many of the individuals submitting information to the IRS claimed to have inside knowledge of the reported transactions, often including extensive documentation in support of their claims.

The IRS does not yet know how many of these cases will result in collected proceeds after examination or investigation, as the amounts alleged reflect only the whistleblower’s estimate of the potential recovery.

Table of Activity By Year
Whistleblower -7623(b)
SUBMISSIONS
Taxpayers Identified
2007
50
875
2008
377
1369
2009
472
2178
2010
422
5545
2011
314
734
2012
332
671

Many of the individuals submitting information to the IRS claimed to have inside knowledge of the reported transactions, often including extensive documentation
in support of their claims.  

The IRS does not yet know how many of these cases will result in collected proceeds after examination or investigation, as the amounts alleged reflect only the whistleblower’s estimate of the potential recovery.  

Current Status of Open Whistleblower - 7623(b) Claims
(as of 12/10/2012)
Current Status
Submissions
Taxpayers
Whistleblowers
Claim #s
Not recorded
3
23
3
23
Appeals 16
40
102
38
87
CI Review
4
4
3
4
Operating Division
Field Examination
695
2846
542
2714
Operating Division Subject Matter Expert Review
116
327
83
318
Whistleblower Office - Award Evaluation 17
4
7
4
3
Whistleblower Office - Case Suspended 18
171
4913
123
4810
Whistleblower Office - Case Suspended Collection Action 19
4
17
4
17
Whistleblower Office - Case Suspended Refund Statute 20
3
6
3
5
Whistleblower Office - Case Suspended Related Claims Still In Process 21
44
605
32
550
Whistleblower Office - Case Suspended TEFRA Related 22
1
54
1
51
Whistleblower Office - Form 11369 Review 23
313
1069
252
987
Whistleblower Office - Initial Review
51
70
38
67
Total
1449
10043
1126
9636

Twelve of 128 claims paid in FY 2012 involved collections of more than $2,000,000.
 
====================== 

Want a Reward of Between 15- 30% of Underpaid IRS

Tax Liabilities for

Blowing the Whistle on a Tax Cheat?
 
======================

Contact the Tax Lawyers at Marini & Associates, P.A.
 

for a FREE Tax Consultation at: www.TaxAid.usor
www.TaxLaw.msor Toll Free at 888-8TaxAid (888 882-9243).

Read more at: Tax Times blog

 
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