IRS Addresses Late Filing of International Tax Documents and FBARs

November 2, 2023

Although the IRS certainly has its plate full of domestic tax issues, the agency keeps a wary eye..

Supreme Court Declines to Rehear FBAR Excessive Fines Case

September 12, 2023

You can cross another challenge to penalties related to Reports of Foreign Bank and Financial..

A Win for Taxpayers: The Supreme Court Limits Non-Willful FBAR Penalties

March 3, 2023

The long legal journeys for two taxpayers, Ms. Jane Boyd and Mr. Alexandru Bittner, came to a happy..

The Supreme Court Doesn’t Want to Hear That FBAR Penalties Can Be Excessive

February 20, 2023

On Jan. 23, 2023, the Supreme Court of the United States released its denial to hear the case of ..

Bigger Penalties for FBARs Means More Risk if You Get It Wrong

February 6, 2023

Inflation impacts everything, and Foreign Bank and Financial Accounts (FBAR) penalties are no..

FBAR Cases Finally Reaching U.S. Supreme Court

November 29, 2022

The Reporting of Foreign Bank and Financial Accounts (FBAR) requirements have caused many issues..

Penalty Amounts for Non-Willful Filing of the FBAR

February 8, 2022

No one likes uncertainty, even the Internal Revenue Service (IRS). Therefore, expect to see this..

FBAR Filings: Michigan Taxpayer with Canadian Property and Bank Account

January 19, 2022

Due to the proximity to Ontario, it is not unusual to have a Michigan taxpayer with a Canadian..

Beware: IRS Focusing in On Foreign Bank Account Reporting

October 27, 2021

Tired of hearing about Foreign Bank Account Reporting (FBAR) penalties? Think you have seen the..

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