$500K FBAR Penalty Upheld by District Court: What Taxpayers Should Know
December 11, 2025
A District Court recently affirmed that a taxpayer who failed to file multiple years of required Reports of Foreign Bank and Financial Accounts (FBARs) must
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SCOTUS to Hear Consequential FBAR Penalty Case
August 19, 2022
The United States Supreme Court is set to hear Bittner v. U.S. in November 2022, a case regarding penalties on Foreign Bank Account Reports, known
$14 Million Civil Penalty Charged for Failure to Report Offshore Accounts
October 30, 2017
A U.S. permanent resident from South Korea pled guilty on October 26th to charges of failing to report offshore bank accounts to the IRS. Hyung
IRS Updates FATCA Foreign Asset Reporting Form 8938
February 6, 2015
The Internal Revenue Service recently released an updated version of the IRS Form 8938 “Statement of Specified Foreign Financial Assets”. Taxpayers with offshore accounts or