Supreme Court of the United States Denies Cert of Appellate Court’s Decision Affirming Million Dollar FBAR Penalty
The Supreme Court of the United States denied cert (i.e., review) of a Ninth Circuit Court of Appeals’ decision affirming a federal court’s decision in favor of the IRS, which assessed a staggering $1.2 million penalty against the taxpayer for failing to disclose a foreign bank account. The sweeping decision was announced on April 30, 2018 and is significant […]