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More Unbelievable FBAR Penalties Cases!

A 1500% penalty rate on the taxes avoided/FBAR penalty, is imposed in a California case.

  • Is a 1500% penalty constitutionally permissible?
  • Of course the Defendant knowingly and voluntarily plead guilty, but should the IRS CID even be able to have the leverage to force someone to this type of penalty?


FBAR: Isreal & Luxemborg a warning for unreported foreign accounts

Read more at: Tax Times blog

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