What is the timeframe for filing an IRS whistleblower claim?
The statute of limitations on assessments is three years from the time the return was filed. The statute of limitations extends to six years if the taxpayer omits additional gross income in excess of 25% of the amount of gross income stated on the tax return filed with the IRS. The statute of limitations does not apply if a false or fraudulent return has been filed with the IRS in an attempt to evade taxes. Generally, the first to file a Whistleblower Claim is the only person entitled to a reward, unless the IRS moves forward on an action based on new information provided by the second whistleblower. For that reason, it is important to file a Whistleblower Claim with the IRS as soon as feasibly possible.
