How much money can an individual be awarded under the IRS Whistleblower Reform Act?
The Tax Relief and Health Care Act of 2006 specifies that rewards for informants be at least 15% and as much as 30% of the total taxes, penalties and interest collected by the IRS. The final determination is dependent upon the whistleblower’s actual contribution to the case. Under certain circumstances, the IRS does have the power to award lesser amounts. Such circumstances could occur when the whistleblower was not the original source of information in a tax fraud investigation.
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