The IRS released the IRS Whistleblower Program Fiscal 2016 Annual Report to Congress recently. There were some interesting statistical revelations, some surprising and some not.  Among the more important, if not surprising, takeaways was the fact that nearly 60% of all cases are rejected for not being specific, credible, or for being too speculative.  Getting over this hurdle should be the number one goal of all IRS whistleblowers.  The best way to get over that hurdle is to have experienced tax lawyers working for you.  We have over a hundred billion dollars in active submissions to the IRS.  I have only seen one case where one of our submissions was initially rejected for being perceived as too speculative and we got the IRS to reconsider that position. 

A surprise from the 2016 report was that we represented nearly a quarter of all 7623(b) awards made by the IRS last year.  We are proud to be seeing success for our clients and happy to see the IRS recognizing the important contribution made by whistleblowers.

One Response to The Ferraro Law Firm Represented 22% of All 7623(b) Tax Whistleblower Awards Paid by the IRS in 2016.

The IRS Whistleblower Program ………………a 10 year story of unremitting success!.

Where whistleblowers have a less than 5 % chance of getting an award after waiting 7-9 years for a determination whilst taking huge personal and professional risks. If you’re one of the lucky 5% who get an award you receive only approximately a third of it after paying the lawyers and ironically paying taxes to the IRS on the award.

The Federal Tax Court currently clogged with hundreds of IRS Whistleblower appeal cases after the 3500 rejection letters of the last 18 months.

Leave a Reply

Your email address will not be published. Required fields are marked *