FBAR Penalty Should Be Capped At $100K, Justices Told

By Molly Moses · June 11, 2021, 7:05 PM EDT

The penalty for willfully failing to file foreign bank account reporting forms with the Internal Revenue Service should be capped at $100,000, a New York woman facing a penalty of almost...

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Case Information

Case Title

Alice Kimble, Petitioner v. United States

Case Number

20-1697

Court

Supreme Court

Nature of Suit

226 Tax - Other

Date Filed

June 09, 2021