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IRS officially reversed its position on paying whistleblower claims based on refunds that are avoided in final guidance, Gregory Lynam, a partner with the Ferraro Law Firm, tells Bloomberg BNA. “The IRS is now stating that they will pay an award based on the denial of refunds,” he says. While IRS had alluded to consideration of refund claims in a chief counsel memorandum, and had sanctioned awards based on information that avoided refunds in proposed rules, the final rules made it official.
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