$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
IRS Makes Changes to Offshore Programs to Help More Taxpayers
August 19, 2014
On June 18, 2014, the Internal Revenue Service announced major changes in its offshore voluntary compliance programs, providing new options to help both taxpayers residing
45,000 Taxpayers Participate in IRS Offshore Voluntary Disclosure Producing $6.5 Billion in Tax Revenues
July 24, 2014
Stopping offshore tax cheating and bringing individuals, especially high net-worth individuals, back into the U.S. tax system has been a top priority of the Internal
IRS Commissioner John Koskinen Announces Important Changes to Offshore Account Compliance Programs
July 24, 2014
On June 18, 2014, IRS Commissioner John Koskinen announced a number of important changes to the IRS offshore account compliance program that the IRS believes