Good morning. Two whistleblowers beat the Internal Revenue Service to claim a bigger share of a $74 million windfall, Risk & Compliance Journal reports.
The dispute, resolved after the government dropped its appeal, centered on whether the IRS could share money collected as criminal penalties and civil forfeitures with the tipsters who help the agency claim the funds. The IRS had previously said the money, known as “collected proceeds,” only concerned tax dollars it would have collected without the help of a whistleblower.
The tipsters, whose names are redacted in court documents, can now collect an additional $12.9 million in addition to the $4.5 million they had already won.Read more here.