IRS Rightly Denied Would-Be Whistleblower Award, Tax Court Says

The IRS didn’t abuse its discretion in denying a whistleblower award to an individual who provided information that didn’t change the outcome of an underpayments investigation, the US Tax Court said Monday.

The unidentified whistleblower submitted information to the IRS in 2012 involving underpayments of tax by a large multinational corporation from 2007 to 2011, reportedly because the company had not complied with transfer pricing regulations. But the filing only contained information from the company’s filings with the Securities and Exchange Commission and the IRS had already launched its own examination of the company in 2010, Judge Albert G. Lauber ...