2nd Circ. Affirms $4.3M FBAR Penalty, Says Old Reg Invalid

By Theresa Schliep · July 13, 2021, 7:57 PM EDT

The U.S. government can collect a $4.3 million foreign bank account reporting penalty from a man's estate after a split Second Circuit said Tuesday that a 1980s-era regulation capping the penalty...

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