Federal Court Caps FBAR Penalty At $10,000 Per Year

By David Hansen · January 12, 2021, 6:49 PM EST

The maximum penalty for unintentionally failing to file a foreign bank account report is $10,000 per year, not $10,000 per unreported account, a federal court ruled in a case involving a...

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Documents

Case Information

Case Title

USA v. Kaufman

Case Number

3:18-cv-00787

Court

Connecticut

Nature of Suit

Banks and Banking

Date Filed

May 09, 2018