• Bubba Shawn

    Scott:

    The IRS doesn’t pay awards on FBAR claims.

    That is unless the whistleblower is a convicted felon who smuggles diamonds contained in a toothpaste tube into the US.

  • Failure to disclose an offshore account and the income derived from it or deposited into it is tax evasion, or at the very least tax fraud. (See https://www.taxwhistleblowerreport.com/department-of-justice/tax-fraud-vs-tax-evasion—how-can-a-whistleblower-tell-the-differencewe-get-questions-all-the-time/) It also may result in FBAR violations, but I wasn’t talking about FBAR.

  • Ozy Wolfe

    The bubba guy is right–no rewards for offshore bank accounts. Come on this IRS thing is dead. Just bury it and lets all go home and wonder why our withholding taxes keeps peeps on Wall Street going. IRS killed this because it showed how bad the IRS was at doing its job.

  • For the reasons I described above, whistleblower cases involving offshore accounts can and do actually pay whistleblower awards when the lead to the collection of tax and penalties under title 26. Furthermore, I understand that there is at least one case (sealed) in Tax Court right now that would open up awards to title 18 and 31 penalties if the whistleblower prevails.

  • Bubba Shawn

    Thanks, Scott.

    With the Tax Court scorecard showing that the IRS wins in all whistleblower cases but one, what are the probabilities that the case you are referring to is going to result in a ruling favorable to that whistleblower?

    After all, Insinga’s legs were cut-off just when the Judge was about to rule on de facto determinations.