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United States of America v. Schwarzbaum

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Case Number:

9:18-cv-81147

Court:

Florida Southern

Nature of Suit:

Forfeit/Penalty: Other

Judge:

Beth Bloom

Firms

Government Agencies

  1. January 06, 2023

    Court Urged To OK Seizing Overseas Funds For $18M Penalty

    The U.S. should be allowed to seize the overseas funds of a Floridian who moved his assets offshore in the wake of an $18 million penalty for failing to report foreign bank accounts, the U.S. told a Florida federal court Friday.

  2. October 28, 2022

    Fla. Judge OKs $18M In FBAR Penalties Recalculated By IRS

    A Florida man owes $18 million in penalties for willfully failing to report his foreign bank accounts after a Florida federal court found that the Eleventh Circuit, which had faulted the IRS' penalty calculation, didn't vacate the court's determination of his culpability.

  3. May 18, 2022

    Fla. District Court Says It Still Has Say In FBAR Penalty Fight

    A Florida man still faces penalties originally set at $18 million for not reporting foreign bank accounts, a federal district court ruled, saying it retained jurisdiction even after a circuit court remand for the Internal Revenue Service to recalculate penalties.

  4. January 06, 2022

    $18.5M FBAR Order Paused For 11th Circ. Appeal

    A Florida resident can keep about $18.5 million overseas while the Eleventh Circuit mulls whether to uphold penalties for his failure to disclose Swiss bank accounts to the Internal Revenue Service, a federal judge ruled, pausing her earlier repatriation order.

  5. December 23, 2021

    $18M FBAR Order Should Pause Pending Appeal, Court Told

    A Florida man shouldn't have to repatriate $18.2 million to satisfy a judgment finding he failed to disclose his Swiss bank accounts to the IRS while he challenges the decision in the Eleventh Circuit, he told a federal court.

  6. October 26, 2021

    Man Must Repatriate $18.2M To Satisfy FBAR Bill, Court Says

    A Florida man must repatriate roughly $18.2 million held in his overseas bank accounts to pay a court judgment finding he failed to disclose his Swiss accounts to the Internal Revenue Service, a federal judge said.

  7. July 15, 2021

    $18.2M Repatriation In FBAR Row Improper, Court Told

    A Florida resident told a federal court that he shouldn't be forced to repatriate $18.2 million held in overseas banks to satisfy a judgment for failing to report his Swiss bank accounts to the Internal Revenue Service.

  8. June 30, 2021

    Federal Court Can Force $18.2M Repatriation, Magistrate Says

    A Florida federal court can force a taxpayer to repatriate $18.2 million held in overseas banks to satisfy a $12.6 million judgment for failing to report his Swiss bank accounts to the IRS, a magistrate judge determined Wednesday.

  9. June 25, 2021

    Offshore Cash Can Be Sought For $16M FBAR Bill, US Says

    A Florida resident has no grounds to refuse to use his overseas cash to help satisfy a nearly $16 million court judgment for failing to report his overseas bank accounts to the IRS, the U.S. government told a federal court.

  10. August 27, 2020

    FBAR Penalty Bumped To $15.7M After IRS Miscalculation

    A Florida man's failure to report interest related to his foreign bank accounts will cost him $15.7 million, a federal judge ruled after the court had miscalculated his deficiency during a previous adjudication.