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IRS Statement: FY 2023 Sequestration Rate for Whistleblower Awards (IRC §7623)

Sept. 30, 2022, 5:00 AM

Updated sequestration rate for whistleblower award payments, made in fiscal year 2023, the IRS provided Sept. 30. Whistleblower award payments are subject to sequestration under I.R.C. §7623. As such, every award payment made to a whistleblower on or after Oct. 1, 2022, will be reduced by the fiscal year 2032 sequestration rate of 5.7 percent, regardless of when the IRS received the whistleblower’s Form 211, Application for Award for Original Information. [IRS Statement: FY23 Sequestration Rate for Whistleblower Awards (Sept. 30, 2022)]

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