5th Circ. Says Max FBAR Penalty Applies To Each Account

By David van den Berg · November 30, 2021, 7:22 PM EST

The Fifth Circuit ruled Tuesday that the $10,000 maximum penalty for a nonwillful failure to file a foreign bank account report applies to each account, not each year, reversing a lower...

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Documents

Case Information

Case Title

USA v. Bittner

Case Number

20-40597

Court

Appellate - 5th Circuit

Nature of Suit

1690 Other forfeitures and penalty suits

Date Filed

September 11, 2020