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DC Hold That Limit on FBAR Penalty is an Annual Limit

A district court has held that the monetary limit on the penalty for willfully failing to file a Report of Foreign Bank and Foreign Accounts (FBAR) is an annual one. The court found that, in reaching this conclusion, it was not required to consider the ongoing split of court opinions in previous cases about whether…
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Marini & Associates, P.A.  wishes youa Merry Christmas,Happy Hanukkah and aHappy and Prosperous New Year !   Tax LitigationTax Collections & Tax Planningwww.TaxAid.com ¡Feliz Navidad y Prospero Año Nuevo!  Read more at: Tax Times blog
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Move Over Lebron – IRS Launches Instagram Account to Help Taxpayers

According to IR-2018-237 on November 30, 2018 the Internal Revenue Service announced its debut on Instagram, adding this platform to its social media portfolio. The IRSNews account (https://www.instagram.com/irsnews) will provide taxpayers the latest information on a variety of topics as taxpayers face numerous tax law changes for the upcoming 2019 filing season related to the…
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