IRS Can't Impose Multiple FBAR Fines Per Year, Court Told

By David Hansen · July 6, 2021, 7:12 PM EDT

Recent court decisions limit penalties for inadvertently failing to report foreign bank accounts to $10,000 per year instead of per account, slashing a Syrian woman's tax bill by almost $100,000, she...

To view the full article, register now.

Documents

Case Information

Case Title

United States of America v. Mazloum

Case Number

1:20-cv-04099

Court

Georgia Northern

Nature of Suit

Forfeit/Penalty: Other

Date Filed

October 05, 2020