The U.S. Tax Court has proposed new rules for determining whistleblower awards under section 7623 of the U.S. Tax Code. As reported on WebCPA…
Among the proposed changes are references to actions for re-determination of employment status, determination of relief from joint and several liability, and lien or levy. Another new rule requires that the petition contain only the name, state of legal residence, and mailing address of an individual, as one subsection provides that a whistleblower award may be made to an individual, which would exclude awards to a trust, partnership, association, company or corporation.
The Tax Court’s press release and all proposed changes are available here.