Supreme Court Seemed Skeptical of Government’s Position on FBAR Penalties
On November 2, 2022, the Supreme Court heard oral arguments in Alexandru Bittner’s appeal of his nonwillful FBAR penalty. The …
Another court holds that FBAR penalties can’t exceed regulatory cap despite law change
Wadhan, (DC CO 7/18/2018) 122 AFTR 2d ¶ 2018-5060 A second district court has determined that, despite a statutory change authorizing higher …
FBARs due Apr. 17, 2018, but filers who miss deadline get automatic 6-month extension
The Financial Crimes Enforcement Network (FinCEN), a bureau of the Treasury Department, has posted a clarification to its website regarding …