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Wednesday, February 12, 2025 Live Webcast

Understanding How the IRS Rewards Whistleblowers (X1-UHIR-2025-01-WEBNR-43-01)

9:00 AM - 11:00 AM EST
webcast

Vendor Platform

2 CPE Credits in TX

OVERVIEW

In 2006, Congress passed the Tax Relief and Health Care Act. Prior to the Act’s passage, rewards to individuals who provided information to the IRS regarding tax fraud were capped at $10 million. The Tax Relief and Health Care Act authorized the IRS to create a Whistleblower Office dedicated to investigating, processing and recovering claims concerning the underpayment of taxes. Under the IRS’ new program, whistleblowers may recover 15 to 30 percent of the amount collected provided the taxes and amounts in dispute exceed $2 million. If the whistleblower’s claim does not meet these criteria, the IRS may still consider granting an award under its pre-2006 Tax Relief Act discretionary authority. Given the rapid growth of this program, practitioners should have a basic understanding of the procedure and content for IRS Whistleblower claims, both from the perspective of a claimant’s potential to recover and a taxpayer’s exposure to liability.

DESIGNED FOR

Accounting and Finance Professionals who need to understand various whistleblower programs under federal law

BENEFITS

  • Understand how to submit a good whistleblower claim that satisfies IRS criteria
  • Understand the process by which the IRS reviews and pursues whistleblower claims
  • Learn about large recoveries by IRS whistleblowers
  • Understand non-IRS whistleblower claim programs including claims arising under the False Claims Act, Sarbanes-Oxley and Dodd-Frank

HIGHLIGHTS

  • Overview of the law that authorizes the IRS to reward whistleblowers who submit information leading to recovery
  • Review of the whistleblower claim process
  • Criteria for eligible claims
  • Case studies of significant claim recoveries paid by the IRS to whistleblowers
  • Issues underlying whether a practitioner should ever act as the whistleblower
  • Addressing delays inherent in the whistleblower claim process
  • The structure and role of the Whistleblower Office
  • Best practices for the submission of a good whistleblower claim
  • Working with other governmental divisions in processing whistleblower claims
  • A brief overview of other, non-IRS whistleblower claims

COURSE LEVEL

Overview

PREREQUISITES

Experience with individual and business clients

ADVANCE PREPARATION

None

INSTRUCTOR

Jason Cornell

Jason Cornell

Jason Cornell is an experienced civil litigator with over 14 years of experience working in areas of automobile negligence, products liability and wrongful death. As a commercial litigator, Jason has represented a wide range of high-profile clients, including Hess Energy, Morgan Stanley and NBC Universal. Jason’s litigation experience also includes representing the bankruptcy trustee for one of the largest bank failure cases in U.S. history. Prior to practicing law, Jason worked for several years as a senior claims representative at one of the nation’s largest insurance companies. Jason brings an impressive range of insight and understanding on how insurers and corporate defendants value and litigate personal injury claims. Prior to joining Clark Fountain, Jason was an equity partner at an AmLaw 200 law firm. Jason previously served as editor and lead author of the South Florida Trial Practice Blog and the Delaware Corporate Bankruptcy Blog. Jason is a contributing author to Clark Fountain’s blog, writing on issues relevant to automotive defect litigation. During his career, Jason received awards for pro bono work representing dependent and neglected children, as well as his for his commitment to mentoring young attorneys. Jason previously served on the board of two nonprofits, one providing therapy services for children on the autistic spectrum and another advocating for grandparents who have custody of their grandchildren. Jason is a member of both the Florida Justice Association and the Palm Beach Justice Association.

PRICING

$89.00 - Member

$109.00 - Nonmember

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Note: Online pre-registration will close on February 12 at 8:30 AM.

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COURSE DEVELOPER

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