Statute
FBAR
239 published works
U.S. Income Tax for Expatriates, Nonresidents & U.S. International Tax Matters
FBAR $10,000 NONWILLFUL FAILURE TO FILE PENALTY IS HELD TO BE $10,000 PER ACCOUNT AND NOT PER FORM
District Court holds (1) FBAR Penalty Statute of Limitations is Waivable and (2) FBAR Nonwillful Penalty is Per Account (11/8/21)In United States v. Solomon, No. 20-82236-CIV-CAN, 2021 U.S. Dist. LEXIS 210602…
Tax
Do FBAR Penalties Survive Death of Taxpayer: New 2021 Case Ruling
Court Rules FBAR Penalties May Survive Death FBAR Penalties May Survive Death FBAR Penalties May Survive Death: In the past two years, there have been many recent court rulings…
Tax
Penalties for FBAR May Survive Death, Texas Court Rules 2021
By Board-Certified Tax Law Specialist
FBAR Penalties May Survive Death FBAR Penalties May Survive Death FBAR Penalties May Survive Death: There have a slew of new FBAR court rulings on matters involving the Foreign Bank…
Tax
Court Affirms Willful FBAR Fines Can Exceed Regulation Maximum: New 2021
By Board-Certified Tax Law Specialist
Court Affirms Willful FBAR Fines Can Exceed Regulation Maximum Court Affirms Willful FBAR Fines Can Exceed Regulation Maximum Court Affirms Willful FBAR Fines Can Exceed Regulation Maximum: In a recent…
Tax
Must Taxpayer Repatriate Foreign Money for FBAR Fines? New 2021
By Board-Certified Tax Law Specialist
Must Taxpayer Repatriate Foreign Money for FBAR Fines? Must Taxpayer Repatriate Foreign Money for FBAR Must Taxpayer Repatriate Foreign Money for FBAR Fines? In the case of US v Schwarzbaum,…
Tax
Did You Timely File the 2021 FBAR by the Deadline Due Date?
By Board-Certified Tax Law Specialist
FBAR Filing 2021 Deadline Missed FBAR Filing Deadline 2021 FBAR Filing Deadline 2021: The FBAR Filing process works similar to filing a tax return. Just as a person files a…
Tax
Have You Missed the FBAR Filing Deadline in 2021?
By Board-Certified Tax Law Specialist
FBAR Filing Deadline 2021 FBAR Filing Deadline 2021 FBAR Filing Deadline 2021: The FBAR (FinCEN Form 114) reporting follows the same logic of tax filing. For example, you file your…
Webb & Morton PLLC Blog
“Flora” full payment rule does not apply to FBAR penalties
By Jason Morton
It is well established that a taxpayer must pay all tax first before filing a refund suit against the IRS in Federal District court. This is called the Flora rule.…
Tax
Foreign Bank Account Reporting: Back-to-Basics
Foreign Bank Account Reporting Foreign Bank Account Reporting Foreign Bank Account Reporting: Each year, US taxpayers who have foreign financial accounts such as bank accounts, investment accounts, pension accounts, and…
Tax
Foreign Bank Account Reporting 101: Back-to-Basics
Foreign Bank Account Reporting Foreign Bank Account Reporting Foreign Bank Account Reporting: Each year, US Taxpayers who have foreign financial accounts such as bank accounts, investment accounts, pension accounts and…