A whistleblower who reports publicly-available information to the IRS that materially assists the IRS in recovering unpaid taxes is entitled to:
A) No financial recovery at all
B) A percentage of the SEC's recovery
C) A percentage of the SEC's recovery only if the amount recovered involved fraud
D) A percentage of the SEC's recovery only if the amount recovered exceeds a specified threshold

Question

Quizplus · Accepted Answer

A whistleblower who reports publicly-available information to the IRS is entitled to a percentage of the amount recovered only if the amount exceeds a specified threshold. Currently, the threshold is $2 million, and the whistleblower can receive between 15% to 30% of the amount recovered. This provision was introduced in the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.

A Whistleblower Who Reports Publicly-Available Information to the IRS That