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5th Circ. Affirms Nix Of Suit Over IRS Foreign Account Penalty

By Vidya Kauri (March 14, 2017, 3:09 PM EDT) -- A dual U.S.-Swiss citizen who failed to disclose his foreign bank account to the Internal Revenue Service may have to face a potential tax penalty of $1.4 million after the Fifth Circuit ruled Monday that he lacked standing to sue the IRS....

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