Why the Work of In-House Accountants is NEVER Subject to the Tax-Practitioner Privilege of Section 7525
By Gregory S. Lynam, Tax-Whistleblower.com, June 30, 2008. Can you turn over to the IRS documents prepared by accountants directly employed by the taxpayer? This article addresses why the tax-practitioner privilege of section 7525 does not apply to the work of in-house accountants.
Law Firm Submits New Record Whistle-Blower Claim
By Jeremiah Coder, June 16, 2008. The Ferraro Law Firm in a June 13 press release announced it was submitting a $4.4 billion tax whistle-blower claim against a Fortune 500 company.
Tax Whistleblower Action Claims $4.4 Billion Tax Underpayment by Fortune 500 Company
By The Ferraro Law Firm, BNA, June 13th. A submission to the Internal Revenue Service Whistleblower Office alleges that a Fortune 500 compaI I ny has underpaid its U.S. tax liability by more than $4.4 billion--over a short period of time--by engaging in abusive tax transactions, an attorney representing the whistleblower announced June 13.
Law Firm Files First $4 Billion Tax Whistleblower Submission with IRS
By Paul Caron, TaxProf Blog, June 13, 2008. The Tax Prof blogs a record $4.4 billion tax whistleblower submission regarding a Fortune 500 company.
Friday the 13th Poses $4.4 Billion of Bad Luck for Fortune 500 Company
By The Ferraro Law Firm, PR Newswire, June 13, 2008. The Ferraro Law Firm filed a new record tax whistleblower submission of more than $4.4
billion to the IRS Whistleblower Office.
Tax Court Proposes New Rules For Electronic Service, Whistleblower Claims
By George L. Yaksick, Jr., CCH Newsletter, Federal Tax Weekly, June 12, 2008. The U.S. Tax Court recently proposed amendments to its Rules of Practice and Procedure to encompass electronic service of filings.
Tax Court Proposes New Rules for Electronic Service, Whistleblower Claims
By George L. Yaksick Jr., CCH Newsletter, Federal Tax Weekly, June 12, 2008. New Tax Court rules set forth procedures for appealing
whistleblower award determinations.
Whistle Blower Regs Allow Limited Return Information Disclosure
By Jeremiah Coder, Tax Analysts, Tax Notes Today, March 26, 2008. The IRS issued temporary and proposed regulations on March 24 that will allow
some measure of tax return information disclosure to whistle-blowers.
IRS May Pay 30% of Tax Recoveries to Liechtenstein Informant
By Ryan J. Donmoyer, Bloomberg.com, February 29, 2008. The Ferraro Law Firm Partner Scott A. Knott was interviewed for this piece.
DC Law Firm Spearheads $4 Billion In Whistleblower Tax Claims
By Glen Shapiro, LawAndTax-News.com, January 16, 2008. The Ferraro Law Firm files a tax whistleblower submission of more than $600 million about
a household-name company.
IRS Whistleblower Office Receives $4 Billion in Submissions from One Law Firm
By The Ferraro Law Firm, PR Newswire, January 11, 2008. The Ferraro Law Firm filed a tax whistleblower submission of more than $600 million
to the recently created IRS Whistleblower Office.
WSJ on Tax Whistleblower Lawyers
By Paul Caron, TaxProf Blog, December 27, 2007. The Tax Prof blogs Wall Street Journal article regarding Scott A. Knott and Gregory S. Lynam, Tax Partners of The Ferraro Law Firm.
Tipster Rewards Require Patience
By Tom Herman, The Wall Street Journal, December 26, 2007. Blowing the whistle on big-time tax cheats could make some informants wealthy -- as
long as they have hard evidence and plenty of patience.
Law Firm Files First $2 Billion Tax Whistleblower Submission with IRS
By Paul Caron, TaxProf Blog, December 12, 2007. The Tax Prof blogs a record $2 billion tax whistleblower submission regarding one of the world's largest companies.
Record $2 Billion Tax Whistleblower Submission Filed
By The Ferraro Law Firm, PR Newswire, December 11, 2007. The Ferraro Law Firm submitted a tax whistleblower submission of more than $2 billion to
the recently created IRS Whistleblower Office.
Accounting Ethics Rules Give In-House CPAs the Green-Light to Blow the Whistle
By Scott A. Knott and Gregory S. Lynam, Tax-Whistleblower.com, October 23, 2007. Professional advisors representing companies or wealthy individuals who have discovered information about large tax underpayments have a strong financial incentive to use the high quality information obtained while servicing the taxpayer in a submission to the IRS Whistleblower Office.
IRS Can Pay Large Awards to Nearly Anyone for Information About Tax Underpayments
By Scott A. Knott and Gregory S. Lynam, Tax-Whistleblower.com, October 23, 2007. Amended 26 USCA 7623 of the Internal Revenue Code now provides that persons who have information about underpayments of tax or violations of the Code who provide that information to the IRS can receive substantial cash awards.
Ernst & Young Embroiled in Whistleblower Case
By WebCPA staff, WebCPA.com, October 15, 2007. Tax whistleblower submission comes after four partners at Ernst & Young were indicted in May 2007 for conspiring to sell fraudulent tax shelters.
Tax Whistleblower Action Claims $1 Billion Underpayment by Fortune 500 Company
By J.P. Finet, BNA, Daily Tax Report, October 12, 2007. A submission to the Internal Revenue Service Whistleblower's Office alleges that a Fortune 500 company represented by Ernst & Young LLP entered into a series of transactions to improperly reduce its taxes by more than $1 billion, two attorneys representing the whistleblower told BNA Oct. 11.
Tax Whistleblower May Get $300 Million Award
By Aly Adair, AssociatedContent.com, October 11, 2007. By law, the minimum award the IRS must pay to a tax whistleblower that makes a substantial contribution to the success of the tax collection is 15% of the amount collected.
Law Firm Files First $1 Billion Tax Whistleblower Submission with IRS
By Paul Caron, TaxProf Blog, October 10, 2007. The Tax Prof blogs a record $1 billion tax whistleblower submission regarding a Fortune 500 company.
