Archive for the ‘News’ Category
Saturday, April 11th, 2009
Steven Michael Rubinstein, a certified public accountant, has the dubious distinction of being the first client indicted as a result of the massive IRS effort to end the aiding of tax evasion by Swiss banking giant UBS. The principals of www.RewardTax.com have previously blogged on multiple occasions about the UBS investigation, ...
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Wednesday, March 18th, 2009
Another Tax Whistleblower had his hopes dashed by the U.S. Court of Federal Claims and Court of Appeals for the Federal Circuit, when it was decided by the Courts to dismiss the tax informant's complaint to obtain an additional reward from the IRS, above amounts she already received, for providing ...
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Friday, March 6th, 2009
The U.S. has filed suit against UBS, the Swiss bank caught in a deplorable scandal involving secret bank accounts for U.S. citizens attempting to evade U.S. tax. The U.S. is trying to force disclosure of clients' names of as many as 52,000 Americans who have hidden their non-taxed earnings in secret Swiss accounts in ...
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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 ...
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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. ...
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Saturday, January 31st, 2009
Several weeks ago, I wrote a blog about the topic of who gets paid when there exists multiple claims. After having additional time to mull over the question and after discussions with other former IRS attorneys about the issue, I decided that another blog regarding the issue is merited. I, and ...
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Monday, January 26th, 2009
In a recent speach before the American Bar Association, the IRS announced that the Tax Whistleblower Reward Program is more successful than anticipated. A large spike in submitted claims in 2008 shows that the new whistleblower law is "working as it was intended" since it was revised two years ago, ...
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Thursday, January 22nd, 2009
The Franchise Tax Board, California’s version of the IRS, offers a comparable Whistleblower Reward Program. Under the legislation, that was proposed by the Terminator himself, Gov. Arnold Schwarzenegger and passed with bi-partisan support, the state of California gives confidential informants as much as 10% of the unpaid taxes collected as a result ...
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Tuesday, January 13th, 2009
What happens when the Whistleblower Office receives multiple claims for reward on the same taxpayer from separate informants? There does not exist a clear answer to this question based on current published guidance.
This question was posed to Steven Whitlock, head of the Tax Whistleblower Reward Program, at the January 9, ...
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Monday, January 5th, 2009
A Whistleblower can challenge the nonpayment of a reward or the amount of a reward, under the Tax Whistleblower Reward Program, in the U.S. Tax Court. In response to public comments, on October 3, 2008, Tax Court Rule 340 was issued to update the processes and procedures with the goal of ...
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