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.