The IRS on April 15 finally issued a formal award denial to a tax whistleblower who had waited since 2007 for a determination, and practitioners told Tax Analysts that the move may have spared the Service an unfavorable outcome in the whistleblower's lawsuit seeking to force the agency to make a decision on whether to pay an award. Joseph Insinga sued the IRS last year in Tax Court for refusing to decide whether the information he provided on Dutch bank Rabobank's participation in several corporate tax avoidance transactions merited an award. Insinga claimed that by dragging its feet in making an award payment, the IRS was in violation of the section 7623(b) requirement that the agency make an award determination that would give him judicial appeal rights.
View the entire article on LexisNexis® Tax Center
Discover the features and benefits of LexisNexis® Tax Center