Shifting Streams in FBAR Penalties


Prior to 2023 and 2024, taxpayers faced significant challenges in challenging penalties for failing to report foreign accounts through Foreign Bank and Financial Accounts (FBAR). However, recent court decisions signal a change in the legal landscape. Despite this change, FBAR litigation remains far from straightforward. The cases discussed below share a common theme: They explore different approaches to challenging assessed FBAR penalties. However, each case has a different approach: focusing on



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