In its report to Congress the IRS noted that in the government’s 2017 fiscal year ending September 30, the Whistleblower Office made 242 awards to whistleblowers totaling $33.9 million, including 27 awards that are essentially mandatory if certain requirements are met. This represents a 50% increase in the number of such awards as compared to the 18 awards paid in FY 2016. Since 2007, information submitted by whistleblowers has assisted the IRS in collecting $3.6 billion in revenue, and, in turn, the IRS has approved more than $499 million in monetary awards to whistleblowers. The IRS has more information about whistleblower awards.
Barbara Weltman
Big Ideas for Small Business, Inc.
Subscribe and download our eBook, "150+ Tax Deductions for Small Business A to Z."
Footer
ICYMI: What's in the "One Big, Beautiful Bill" for Small Business? Barbara Weltman @BigIdeas4SB digs into the House-passed bill and reviews key tax-related provisions. The Senate is now acting on the bill, which will likely include some changes. More: