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Recent Editions
Accountancy Slice
North America
The House has passed the IRS Whistleblower Program Improvement Act (H.R. 7959) with a 346-10 vote. Co-sponsored by Rep. Mike Kelly (R-PA) and Rep. Mike Thompson (D-CA), the bill introduces a more favorable review standard for whistleblower appeals, allowing new evidence and protecting anonymity. It also mandates timely award payments, imposing interest if the IRS delays recommendations beyond 12 months. Mr. Kelly emphasized: "The IRS Whistleblower Program leverages insider knowledge to identify noncompliance that would otherwise have gone undetected." Since 2007, the program has recovered over $7.37bn in unpaid taxes, proving essential in combating tax evasion. The bill now moves to the Senate for consideration.
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