The Internal Revenue Service says that the changes it made to its whistleblower provisions last year are already beginning to pay off.According to a published report, since the law was enacted in December, offering much higher rewards in cases involving major tax cheating, the IRS has received about 20 reward claims -- some involving hundreds of million of dollars in alleged fraud.
In most cases, the minimum reward is now 15 percent of the collected proceeds in a case, including penalties and interest -- though the reward ceiling can go as high as 30 percent. If a reward is based on public information, such as that outlined in a court case or the media, smaller rewards may be handed out. Informants reporting on smaller amounts will still be covered under the old law, in which reward amounts typically aren’t more than 15 percent of the amount recovered.
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