Which of the Following Holds True for the IRS Whistleblowers

question 72

Multiple Choice

Which of the following holds true for the IRS Whistleblowers Rewards Program?

• A) To be eligible to recover compensation from the IRS, a person must bring information to the Department of Justice.
• B) The whistleblower may receive compensation only from monies actually collected based on the information provided.
• C) The total collected proceeds based on which the reward is calculated exclude penalties, interest, additions to tax, and additional amounts.
• D) The reward to the whistleblower is independent of his contribution to the prosecution of the action.
• E) Under no circumstances does the IRS have the right to lower the amount of the reward given to the whistleblower.

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Definitions:

Exchange Rate

The exchange rate is the value of one currency for the purpose of conversion to another, dictating how much of one currency can be exchanged for another currency.

Accounts Receivable-Kagome

This term might refer to the outstanding invoices or money owed to the Kagome company by its customers for goods or services delivered.

Foreign Exchange Rate

The price at which one currency can be exchanged for another currency.

International Customer

A customer based in a country different from the one where the seller or service provider is located, often involving cross-border transactions.