IRS Whistleblower Files Suit

A whistleblower is filing suit against the IRS claiming the agency owes him a reward. Joseph Insignia was a Dutch Bank Executive. He blew the whistle on his employer, who was helping American companies dodge taxes. Now Insinga is taking the IRS to court for failing to give him a reward for his information. A 2006 Whistleblower law allows those with inside information on disputes that exceed $2 million in taxes and penalties to receive 15 percent to 30 percent of the amount collected. The Washington Post reports, IRS officials in charge of his case say the government is still open for a reward determination. But Insignia said it's already been five years and it's creeping closer to the seven-year limit to collect.