June 12, 2019
A real estate developer willfully failed to report an overseas bank account to the Internal Revenue Service and is responsible for $456,000 in penalties, a Texas federal court has found.
August 24, 2018
Just because a real estate developer signed his tax returns doesn't mean he knew about a requirement to report his overseas bank account, a Texas federal judge has ruled, denying the U.S. government a quick win in its bid to collect civil penalties for alleged willful nondisclosure.