United States of America v. Flume
Case Number:
5:16-cv-00073
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June 12, 2019
Developer Hit With $456K Tax Penalties Over Foreign Account
A real estate developer willfully failed to report an overseas bank account to the Internal Revenue Service and is responsible for $456,000 in penalties, a Texas federal court has found.
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August 24, 2018
Gov't Denied Quick Win In Overseas Account Disclosure Case
Just because a real estate developer signed his tax returns doesn't mean he knew about a requirement to report his overseas bank account, a Texas federal judge has ruled, denying the U.S. government a quick win in its bid to collect civil penalties for alleged willful nondisclosure.