FBAR Not Limited to $100,000, Willfulness Upheld
There have been a number of recent court cases involving foreign bank account or FBAR reporting penalties. This is likely due to the significant amount of the penalty and that many do not fully appreciate the amount of the liability they face if caught not complying with the FBAR rules. The recent Norman v. United […]
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FBAR • FBAR penalty • foreign bank account • Houston Tax Attorney Blog • Tax Blog