Jeffrey A. Newman
The Internal Revenue Code provides for awards to whistleblowers who submit information to the IRS when specific and credible information regarding tax underpayments or violations lead to proceeds collected. The IRS will pay an award of at least 15 percent but not more than 30 percent of the proceeds collected based on the information submited by the whistleblower.
To qualify for the award program, the information must relate to an action where proceeds in dispute exceed $2,000,000 and if the subject of the claim is an individual, their gross income must exceed $200,000 for any taxable year subject to such action.
The information submitted should include a written narrative explaining the issues; information supporting the narrative such as copies of books and records, ledge sheets, receipts bank records, contracts and emails.
Awards paid under IRC Section 7623(a) will be communicated through a decision letter, and written
notice will be provided if the claim is rejected or an award is denied. The rejection of a claim under IRC
Section 7623(a) will state the basis for the rejection. The Whistleblower Office is not required to respond to requests for additional information on claim rejections and denials, or award payments, made under IRC Section 7623(a).
Jeff Newman JD MBA, represents whistleblowers nationwide relating to customs and tariff fraud concerning imported Chinese goods as well as corporate whistleblowers in major claims under the False Claims Act (Qui Tam), and SEC, IRS and FINCEN whistleblower programs. He can be reached at Jeff@JeffNewmanLaw.com or at 617-823-3217
