Whistleblower lawyer highlights US Tax Court ruling. Relator who helped recoup $75 million from Kyphon, Inc. for DME kickbacks and false billings for improper inpatient admissions and received almost $7 million in relator share payments could not treat his award as a capital gains (for “selling information” to the Government) and instead had to pay taxes on the award at the ordinary income rate. This case is captioned Patrick v. Comm’r, 2014 U.S. Tax Ct. LEXIS 5 (T.C. Feb. 24, 2014).
- Tim McInnis Esq.
