Whistleblower Action Didn’t Create IRS Disclosure Program

A petitioner’s assertion that he is entitled to awards from an IRS offshore disclosure program because he participated in a criminal case that led to the program’s creation was dismissed Wednesday because the IRS didn’t proceed with any action due to his claims, the Tax Court said in a precedent-setting ruling.

In 2010 Thomas Shands assisted the Department of Justice and the IRS Criminal Investigation Division in its investigation of Renzo Gadola, a former employee of the Swiss bank UBS, who was arrested and later pleaded guilty in a tax evasion scheme allowing US taxpayers to ...