The IRS laws allow those companies which have paid foreign taxes to a foreign country on foreign income subject also to U.S. taxation to take a credit or deduction in recognition of that tax paid. This is referred to as a foreign tax credit.

Foreign tax credit law is complex. Some companies improperly claim these credits as a means of reducing their tax burden in the U.S.

Whistleblowers with information on companies engaged in foreign tax credit fraud are encouraged to report to the IRS Whistleblower Office. If one reports such fraud with the help of qualified IRS whistleblower attorneys, the whistleblower may remain anonymous.

Hagens Berman represents several whistleblower actions under the IRS Whistleblower Program, and marshals its significant nationwide resources and expertise in financial fraud matters – including attorneys who are also accountants and licensed forensic accountants – to best present whistleblower matters to the IRS.