Archive for June, 2009

Another UBS Client is Convicted

Friday, June 26th, 2009

Another wealthy client of UBS has plead guilty to tax evasion. This marks another criminal who was taken down by the Tax Whistleblower Reward Program. In addition, this victory for the Internal Revenue Service is another benefit of its offshore tax compliance initiative. Steven Michael Rubinstein, an accountant involved in the ...

Courts Confirm that Whistleblower Rewards are Taxable

Monday, June 8th, 2009

Although a qui tam reward is different from a Tax Whistleblower reward under IRC s. 7623, the tax treatment of the rewards should be identical.  The Court of Appeals in Burns v. Commissioner, CA 9, 103 AFTR 2d ¶2009-941, recently held that the Tax Court properly determined that final installment ...