Whistleblower Gets $2 Mln Reward from IRS (AccountingToday)

Award involved alleged tax avoidance scheme by Illinois tool maker, whistleblower's lawyer says.

The Internal Revenue Service paid a whistleblower $2 million for information about an alleged scheme by an Illinois tool maker to avoid taxes, according to the whistleblower’s lawyer, AccountingToday reports. The whistleblower, who is anonymous, has won two previous awards from the IRS, according to the lawyer, one related to tax shelters that Wall Street banks set up for Enron. The lawyer describes the whistleblower as a “Wall Street insider.”

 

See the full story here. For previous coverage of this issue, see UBS Whistleblower Gets $104 Mln (Reuters).

 

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