A corporation engaged in an illegal maneuver that lowered its reported Tax Expense on its financial accounting income statement and allowed it to receive an excessively high tax refund from the IRS.An employee who works for this company potentially can recover a whistleblower reward:

Question

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The employee can potentially recover a whistleblower reward under both the IRS Whistleblower Program and the Dodd-Frank Whistleblower Program. The IRS Whistleblower Program rewards individuals who provide information about substantial tax underpayments or violations, while the Dodd-Frank Whistleblower Program provides incentives for individuals who report violations of securities laws, including financial fraud. As the corporation engaged in an illegal tax maneuver, the employee can potentially qualify for rewards under both programs. However, it is important to note that the breach of the duty of confidentiality may impact the employee's eligibility for rewards, and they should seek legal advice before making any disclosures.

A Corporation Engaged in an Illegal Maneuver That Lowered Its