June 12, 2024
The U.S. government agreed to settle a pair of foreign bank account reporting cases in which it had sought a total of $7 million from a former insurance broker and his wife's estate, according to a court order filed Wednesday in California federal court.
May 25, 2023
The estate of a dead California woman whom the U.S. accused of creating a "maze of offshore entities" with her husband faces a federal lawsuit alleging that she willfully failed to report her interest in foreign bank accounts.
February 21, 2023
A case seeking $4.6 million in foreign bank account reporting penalties from a former insurance broker was sent to a California federal magistrate judge for settlement proceedings.
November 29, 2022
A former insurance broker contesting $4.6 million in penalties for failing to report his foreign financial accounts abandoned a bid to reclaim $13,000 the government put toward the debt, according to a notice filed in California federal court.
October 03, 2022
A former insurance broker claiming he was wrongly tagged with $4.6 million in penalties for failing to report his foreign bank accounts countersued the U.S., demanding it refund $13,000 to him that it applied toward the debt.
June 09, 2022
A former insurance broker hid millions of dollars in assets abroad using a "maze of offshore entities" and failed to disclose his overseas bank accounts to the IRS, the U.S. told a California federal court, saying he's liable for penalties.