“The U.S. Tax Court has given the Internal Revenue Service until Sept. 24 to respond to an amicus brief in support of what could amount to an award of tens of millions of dollars for whistleblower Joseph Insinga, an informant who implicated seven major corporations in tax evasion in 2007 (Insinga v. Commissioner, T.C., No….
Specialists in Tax Litigation
News
New rules by IRS to Benefit Whistleblowers
“Whistleblowers and their advocates have long complained that they are unappreciated – or downright resented – at the Internal Revenue Service, but the agency on Friday gave them a pleasant surprise. Months after narrowing the circumstances under which whistleblowers could collect rewards for exposing tax evasion, the IRS reversed its position. “This is really I…
Reuters/ABCNews – Prosecution of UBS Informant Seen Backfiring on U.S.
“The key informant in the U.S. tax evasion case against Swiss bank UBS AG faces prison next year, but his harsher-than-expected treatment by the U.S. Justice Department will undermine efforts to expose secretive offshore tax havens, lawyers and whistle-blower advocates say. Bradley Birkenfeld, a 44-year-old U.S. citizen, has been hailed by his attorneys and prosecutors…
UBS Whistleblower Gets Out of Jail
“Bradley Birkenfeld, the former Geneva-based UBS AG banker who exposed the powerful bank’s practice of helping wealthy U.S. citizens avoid paying taxes by hiding their assets in secret offshore accounts, phony trusts, and straw companies, was released from federal prison on Wednesday. He served 30 months of a 40-month sentence. Birkenfeld pled guilty in 2008…
IRS Boosts Whistleblower Reward Program
January 17, 2011 www.fa-mag.com (Bloomberg News) The Internal Revenue Service, reversing an earlier position, proposed rules making it more likely informants will collect a reward when they blow the whistle on tax-dodging employers, neighbors or family members. The agency proposed regulations today that make it easier for whistleblowers whose information results in denial of refunds…
