Court of Federal Claims Rejects the Holding in Colliot and holds that the FBAR Penalties are not limited to $100,000
The United States Court of Federal Claims recently rendered an opinion, see link below, holding that the FBAR Penalties are not limited to $100,000 for wilful failure to file FBAR reports.
The IRS has announced that it is planning on ending the Offshore Voluntary Disclosure Program. The program was designed for taxpayers that may be subjected to criminal liability and or substantial civil penalties for failing to report foreign assets to the federal government.
Special Prosecutor Robert S. Muller III, has brought an indictment against Paul Manafort Jr.
Shamim S. Akhavan, Esq.
15456 Ventura Blvd,
Sherman Oaks, CA 91403
Tel: (818) 650-0259
Fax: (818) 475-1936
The information contained on this site, is for general information purposes only and does not constitute legal, tax, or other professional or business advice. The posting and transmission of information is not an offer to provide legal services and it does not create an attorney-client relationship. Please do not send any confidential information to us until an attorney-client relationship has been established by executing an engagement letter with Shamim S. Akhavan APLC. This Firm's practice includes serving as a debt relief agency: We help people file for bankruptcy relief under the Bankruptcy Code.
© COPYRIGHT 2021, Shamim S. Akhavan, APLC. ALL RIGHTS RESERVED.