According to Law360, the U.S. Court of Federal Claims has upheld the full amount of civil penalties tied to a woman’s undisclosed offshore account, rejecting the reasoning in two recent cases where the judges found that a decades-old penalty cap was still intact. U.S. Claims Court Judge Susan G. Braden ruled against Alice Kimble in her…
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1st Taxpayer Victory in a “Willful” FBAR Penalty Case Overturned at Appeals
On May 1, 2018 we posted 1st Taxpayer Victory in a "Willful" FBAR Penalty Case Appealed! where we discussed that on March 7, 2018 we posted 1st Taxpayer Victory in a "Willful" FBAR Penalty Case! where we discussed that on September 20, 2017, the Eastern District of Pennsylvania issued an important taxpayer friendly opinion regarding the "willfulness" standard…
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