Archive for February, 2009

IRS Seeks Voluntary Disclosures and Whistleblowers for Swiss-aided Tax Scheme

Wednesday, February 18th, 2009

"People who have hidden unreported income offshore need to get right with their government. They should come forward and take advantage of our voluntary disclosure process," an IRS spokesman says.  The IRS is also seeking Whistleblowers to report such tax cheats.  Switzerland's largest bank, UBS, has admitted helping U.S. taxpayers hide money ...

Who Gets Paid When There Exists Multiple Claims: Part Three

Saturday, February 7th, 2009

In addition to the reasoning set forth in last week's blog; also consider that IRC section 7623 is patterned after Qui Tam litigation and the False Claims Act.  Under the False Claims Act, the party who files his or her lawsuit first gets paid while any subsequent filer gets nothing.  ...