FBAR Penalty Against Ex-Prof Is Constitutional, Court Says

By Natalie Olivo · November 20, 2025, 2:59 PM EST

A former professor must pay the entire nearly $438,000 penalty the Internal Revenue Service assessed against him for his failure to timely disclose foreign bank accounts, a California magistrate judge held,...

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Documents

Case Information

Case Title

United States of America v. Saydam

Case Number

4:22-cv-07371

Court

California Northern

Nature of Suit

Forfeit/Penalty: Other

Date Filed

November 22, 2022