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Award Payments to Whistleblowers
Pursuant to IRC 7623(b), the IRS can award payments to whistleblowers. The ten most common allegations submitted on Form 211, Application for Award for Original Information, for fiscal year 2021 were:
- Unreported income.
- General allegations of fraud, tax fraud, wire fraud, insurance fraud and related allegations.
- False dependent exemptions.
- Employee vs. subcontractor.
- Failure to file.
- Wage under reporter.
- Capital gains tax.
- Wages being paid in cash or under the table.
- Rental income.
- False deductions or expenses.