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The IRS Whistleblower Program
One of our areas of practice is to help persons under the IRS Whistleblower program, part of our False Claims Act practice. In fact, one of the first submissions received under the new IRS Whistleblower Program was via one of our clients and prepared by a member of our team of attorneys. You can read about Joseph Insinga by clicking HERE.
That is one reason we recently read with delight an article in Newsweek entitled The Perks of Being a Whistle-blower by Lynnley Browning. The article is telling about the positives and negatives of the Whistleblower Program. For example, a positive is the confidential nature of the program and the voluminous opportunities to report fraud. Per Ms. Browning’s article, “the tax gap – the amount by which U.S. corporations underpay their federal income taxes – is $385 billion, according to the most recent IRS estimates in 2006.”
The IRS whistleblower program requires the IRS to give up to 30% of all unreported taxes to the first in line. So if the same person were to blow the whistle on all $385 million in one year? That’s over $115 Billion in recovery. As in Billion with a “B.”
Then again, Newsweek’s piece likewise reports it may be anywhere from 5-7 years before the first drop of money arrives to a whistleblower, as that is the average time it takes for the IRS to vet through the process of claims, audits, and appeals for the taxpayer. There’s also a “mountain of paperwork” for whistleblowers to prepare, and that’s where retaining experienced whistleblower counsel counts. As mentioned, our firm has helped actual people under the IRS whistleblower program.
All in all, I applaud Newsweek for their story on the IRS whistleblower program. I would encourage Congress to pass more strict laws to require the IRS to more fairly and efficiently handle the Section 7623 program.
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Our offices will review potential false claims act cases in all fifty states, including Tennessee, Arkansas, Mississippi, Kentucky and Alabama.