Taxpayers who give the IRS Whistleblower Office (WBO) credible information about unpaid taxes may qualify for cash awards. The program has been around for a long time in some form. According to a recent WBO report, the number of awards shrank a bit in fiscal year 2023 from FY 2022, but the dollar value more than doubled. In FY 2022, a total of 132 awards paid out $37.8 million. In FY 2023, a total of 121 awards paid out $88.8 million. The rewards came from information that led to collections of $338 million. The top three most common allegations were: unreported or underreported income, improper deductions and failure to file tax returns. Here’s the WBO report: https://bit.ly/4eIchE1
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