Higher FBAR Penalty Applies Even Without Regs, Judge Says

By David Hansen · March 1, 2019, 7:44 PM EST

A congressional act raising penalties on failure to file Foreign Bank and Financial Accounts reports applies even though Treasury hasn't written regulations implementing it, a Connecticut federal judge said in upholding...

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Case Information

Case Title

USA v. Garrity et al

Case Number

3:15-cv-00243

Court

Connecticut

Nature of Suit

Forfeit/Penalty: Other

Date Filed

February 20, 2015