Texan Says IRS' $1M FBAR Penalty Unconstitutional

By Natalie Olivo · May 15, 2025, 3:46 PM EDT

A Texan urged a federal court to dismiss the U.S. government's suit seeking to collect $1 million in penalties for unreported offshore bank accounts, arguing that the IRS' penalty assessment violated...

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Case Information

Case Title

United States of America v. Sagoo

Case Number

4:24-cv-01159

Court

Texas Northern

Nature of Suit

Forfeiture/Penalty: Other

Date Filed

November 27, 2024