Archive for October, 2008
Tuesday, October 14th, 2008
A Whistleblower, who used to work at a big securities company, has been talking to the Office of the Tax Whistleblower Reward Program, regarding a pricing scheme involving municipal bonds. The story was first reported by Bloomberg Press. The Whistleblower alleges that the amount of underreported tax is equal to $300 million.
The Whistleblower has told the ...
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Tuesday, October 14th, 2008
Stephen Whitlock, director of the Office of the Tax Whistleblower Reward Program, discussed the recently enhanced federal tax whistleblower statute at the Taxpayers Against Fraud annual conference in Washington, D.C., on September 10, 2008. Whitlock examined issues of confidentiality and attorney-client privilege facing attorneys, accountants, and employee insiders who want to blow the ...
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Monday, October 6th, 2008
In December 2006, the IRS undertook the bold task of implementing the Tax Whistleblower Reward Program in response to the enactment of IRC section 7623. The IRS has created a complex set of internal controls and checks & balances to ensure that the Whistleblower Program is carried-out correctly. However, from the ...
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