Final Rules on Whistleblower Rewards Identical to Proposed Rules

For over 50 years, Bloomberg Tax’s renowned flagship daily news service, Daily Tax Report® has helped leading practitioners and policymakers stay on the cutting edge of taxation and...

The Internal Revenue Service moves forward with its plan to clarify rewards and awards for taxpayers providing information regarding violations of tax laws, without making any of the changes recommended by practitioners. Under the final rules (T.D. 9580), IRS broadens the definition for the types of overpayments of tax refunds that can be counted in the value of the reward to include any reductions in overpayment credit balances that result from whistleblower information.

Request Daily Tax Report