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Accountant Wins Tax Whistleblower Award, Counsel Says

Tammy Whitehouse | April 8, 2011

A Pennsylvania attorney says the Internal Revenue Services has paid a $4.5 million whistleblower reward to a large national bank's in-house accountant who reported a flagrantly ignored $20 million tax liability.

Eric Young, an attorney with law firm Egan Young of Blue Bell, Pa., says the IRS Whistleblower Office paid his client 22 percent of the tax it recovered when the IRS investigated the accountant's claim. The IRS has not independently confirmed the whistleblower award.

Young declined to identify the financial institution, except that it was a Fortune 500 company, or the accountant who reported the unpaid taxes. The accountant continues to work as an in-house CPA, Young said. The accountant discovered the $20 million tax liability and reported it internally, but was ignored, according to Young. “As such, the right thing was done in deciding to report this employer's tax misconduct to the IRS,” the whistleblower attorney...

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