The IRS Can Pay an Informant's Fee of Up to

question 163

Short Answer

The IRS can pay an informant's fee of up to % of the recovered tax, interest, and penalty amounts. The reward can be as high as % for information provided by a whistleblower.

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Definitions:

Leverage

The use of borrowed capital for (an investment), expecting the profits made to be greater than the interest payable.

Activity

Any specific task, action, or series of actions undertaken, often carrying out a particular function or purpose.

Negative Cash Flow

A situation where a company's outflows of cash exceed its inflows over a given period, indicating potential financial trouble.

Cash Turnover Ratio

A financial metric that measures how efficiently a company generates sales from its cash on hand.