Articles
Tax Informants Are On The Loose
By Janet Novack and William P. Barrett, Forbes.com, November 24, 2009, Forbes Magazine, December 14, 2009. In this article, The Ferraro Law Firm Tax Partner Gregory S. Lynam points out the necessity of tax informants to identify weak links in complex transactions designed to avoid U.S. taxes.
IRS Whistleblower Claims Quadruple on Informants
By Ryan J. Donmoyer, Bloomberg News, October 1, 2009. Submissions to the IRS Whistleblower Office quadrupled between fiscal 2007 and 2008; mentioned is the Washington DC office of The Ferraro Law Firm which was opened to handle these cases.
Tax Whistle-Blowing: Many Cases, Few Results
By Jeremiah Coder, Tax Analysts, October 9, 2009. The Ferraro Law Firm Tax Partners Gregory S. Lynam and Scott A. Knott discuss their experiences representing clients in tax whistleblower cases.
Teed Off Residents Drive Developer to Brink of Ruin
By William M. Buckley, The Wall Street Journal, September 24, 2009. A client of The Ferraro Law Firm, Dr. Michael Lissack, discussed his submission to the IRS Whistleblower Office alleging that a developer underpaid $100 million in taxes by not taking membership deposits into income.
Proposed Regs on Contingent Fees Incorporate Interim Guidance
By Jeremiah Coder, Tax Analysts, July 28, 2009. The Ferraro Law Firm Tax Partner, Gregory S. Lynam, offers insights into why allowing contingency fees for whistleblower cases is consistent with the overall ban of contingency fees for tax-related fees.
International Cases Contribute to Dramatic Increase in Whistle-Blowers, U.S. Reports
By David D. Stewart, Tax Analysts, Tax Notes Today, February 2, 2009. The Ferraro Law Firm Tax Partner Scott A. Knott and IRS Whistleblower Office Director Stephen Whitlock gave a presentation about tax whistleblowers and international tax issues at the Florida Bar Tax Section/FICPA Meeting in Miami.
Experts Predict Tax Court's Amended Rules May Encourage Whistleblower Actions
By George L. Yaksick, Jr., CCH Newsletter, Federal Tax Weekly, October 16, 2008. The Ferraro Law Firm Tax Partners Gregory S. Lynam and Scott A. Knott commented on the new sections of the U.S. Tax Court Rules of Practice and Procedure that relate to whistleblower actions.
Tax Court Amends Whistleblower Rules
By WebCPA staff, WebCPA.com, October 14, 2008. Comments to the Tax Court filed by The Ferraro Law Firm and others led to an acknowledgement by the Court that the identity of a whistleblower appealing their award should be protected.
Tax Collection: Whistleblower Tips Keep Coming; Program Future Unclear; Awards Remain Mystery
By Laura Mahoney, BNA, Daily Tax Report, September 16, 2008. The Ferraro Law Firm Tax Partner Gregory S. Lynam and IRS Whistleblower Office Director Stephen Whitlock provided insights and updates on the IRS Whistleblower Program at the American Bar Association Section of Taxation meeting in San Francisco.
IRS Whistle-Blower Office Sees Huge Jump in Claims, Official Says
By Jeremiah Coder, Tax Analysts, Tax Notes Today, September 16, 2008. The Ferraro Law Firm Tax Partner Gregory S. Lynam and IRS Whistleblower Office Director Stephen Whitlock were quoted as panelists of a discussion about tax whistleblowers at the American Bar Association Tax Section Meeting in San Francisco.
Practitioners Want More IRS Interaction With Whistle-Blowers Making Claims
By Jeremiah Coder, Tax Analysts, Tax Notes Today, August 15, 2008. The Ferraro Law Firm Tax Partners Scott A. Knott and Gregory S. Lynam commented on the state of the IRS procedures for handling whistleblower claims in large corporate cases.
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, Tax Analysts, Tax Notes Today, 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 company 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 whistleblowers.
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.
