Current State of FBAR Penalties
Mar 08, 2023•28 min
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Episode description
Brent chats with Rachel Sass about the U.S. Supreme Court case Bittner v. U.S., where the Court decided the non-willfulness penalties for FBARs is $10,000 per filing, not per account. This case changed the IRS's long-time position. Brent and Rachel discuss the case, the reasoning, what it means for FBARs, and what they expect in the future.
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