Woman's FBAR Penalty Reduced To $40K Following Bittner

By Theresa Schliep · April 12, 2023, 6:14 PM EDT

A woman's liability for foreign bank account reporting penalties was reduced to $40,000 from roughly $170,000, citing the U.S. Supreme Court's decision Bittner v. U.S. finding the penalties are assessed on...

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Case Information

Case Title

United States of America v. Kaufman et al

Case Number

4:20-cv-00514

Court

Texas Southern

Nature of Suit

Taxes

Date Filed

February 14, 2020