Learn All About the New IRS Whistleblower Program

by

Via The Tax Advisor

Many people are not aware of Internal Revenue Code section 7623 which allows the IRS to pay people who “blow the whistle” on persons who fail to pay the tax they owe.  The "whistleblower” can receive up to 30 percent of the additional tax, penalty and other amounts the IRS collects.

The program actually dates back to 1867, but was standardized through provisions of the Tax Relief and Health Care Act of 2006.

The IRS has a site here that provides a lot of information about the program, and its history.  Additionally, the Tax Advisor has a detailed article here with everything you may want to know about this program.

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