The Internal Revenue Service has paid an unidentified CPA $4.5 million as the first award under its newly expanded whistleblower program.
The CPA’s law firm, Egan Young, announced the whistleblower award on Friday. The law firm declined to identify the CPA, but said he was an in-house corporate accountant at one of the largest financial services firms in the U.S., a Fortune 500 company. The CPA discovered a tax liability of more than $20 million at the firm that had been previously underreported. Under the newly expanded IRS whistleblower program, he stands to collect up to 22 percent of the proceeds of whatever the IRS collects from his employer.
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