Friday
April 8, 2011
»an Associated Press A-wire national exclusive«
PRforLAW client makes national news with
the first "official" IRS whistleblower award
IRS Pays CPA $4.5 Million, First-Ever Whistleblower Reward
Under New U.S. Law; In-House Corporate Accountant
At One Of Largest Financial Services Firms In U.S. Discovered
A $20-Plus-Million Tax Liability That Went Unreported
Qui Tam Whistleblower Attorney Eric L. Young
Plays A Key Role In CPA Client Winning
An Enhanced 22 Percent Whistleblower Award
BLUE BELL, Pa -- The IRS Whistleblower Office has paid its first whistleblower reward, more than $4.5 million in the first U.S. tax whistleblower case settled since rewards were mandated by Congress four-and-a-half years ago, whistleblower attorney Eric. L. Young, of Egan Young Attorneys At Law, announced today.
A CPA in-house accountant and auditor who discovered a $20 million-plus tax liability at a large national financial services firm, which the Fortune 500 company then declined to report, was given the third highest category of IRS whistleblower reward under the new law, 22 percent, Young said.
“This groundbreaking IRS $4.5 million reward originated like many of our government fraud whistleblower cases in healthcare, defense contracting, pharmaceutical sales and marketing, and other sectors,” Young explained.
Read the Complete News Release on PRforLAW.com
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