IRS Issues Whistleblower Alert Targeting Misuse of Federal Funds

The IRS has announced the release of a new Whistleblower Alert that identifies high-risk concerns related to the misuse, diversion, or fraudulent use of federal funds by tax-exempt organizations, individuals, and businesses. The alert marks a new compliance initiative designed to spotlight areas of elevated enforcement risk and encourage individuals with direct knowledge of noncompliance to come forward. The IRS emphasized that eligible whistleblowers may receive monetary awards of up to 30 percent of the proceeds collected if the information leads to successful enforcement action under the Whistleblower Program. The agency indicated that additional alerts will be issued as other ...