A district court held that the government violated a taxpayer’s Seventh Amendment right to a civil jury trial in an FBAR case.

Americans living and working in Australia often worry about being taxed twice on the same income. The United States taxes citizens based on citizenship, while Australia taxes individuals based on ...

Most taxpayers won’t be audited, but common mistakes—like reporting errors or inconsistencies—can raise red flags. Knowing the IRS’s top audit triggers can help you reduce your risk.

The maximum civil penalty for non-willful failure to comply with FBAR reporting requirements is $10,000. 1 However, additional penalties may apply for willful violations. Penalties for a willful ...

The Foreign Account Tax Compliance Act is fundamental as it affects how you report your finances, especially as an expat abroad. FATCA is why you may need to file a Report of Foreign Bank and ...

A district court held that an individual who argued that the reporting requirements of FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR) violated several of the Bill of Rights ...

A recent U.S. District Court decision considered whether penalties for disclosing a foreign bank account survives the death of the account’s owner (U.S. v Gaynor, Case No.: 2:21-cv-382-JLB-KCD (Sept.

Do you file the FBAR? A few weeks ago, the United States Supreme Court handed down an important judgment… It didn’t make many headlines… You won’t have seen it on the front page of most newspapers… ...

On Feb. 28, 2023, the U.S. Supreme Court issued its opinion in Bittner v. United States, which focused on the correct penalty amount for non-willful violations of the foreign bank and financial ...