failure to file fbar

May 18, 2017
Permanent Resident Lawyer’s Attempt to Dismiss Enabling Alleged FBAR and Tax Noncompliance Enforcement Action Fails

Permanent Resident Lawyer’s Attempt to Dismiss Enabling Alleged FBAR and Tax Noncompliance Enforcement Action Fails

On this blog, we have long warned readers that a duty to file taxes and comply with FBAR and other offshore account disclosure laws will generally […]
May 14, 2017
Tennessee Couple Sentenced On Tax Evasion Charges

Tennessee Couple Sentenced on Tax Evasion Charges

According to a press release by the Department of Justice, District Court Judge J. Ronnie Greer sentenced David Lee Byrd, 58, and his wife, Paula Ruth […]
May 13, 2017
New York Restaurant Owner Sentenced to 12 ½ Years in Prison for Investment Fraud Scheme and Tax Evasion

Joint IRS-ICE Investigation Results in Restaurant Owner Going to Federal Prison

With funding dwindling for many government agencies, it is becoming commonplace for federal agencies to work together to bring down and lock up those who are […]
April 11, 2017
FBAR Non-Compliance Results in Sanctions of $1,000 a day for a Taxpayer

FBAR Non-Compliance Results in Sanctions of $1,000 a day for a Taxpayer

Taxpayers who fail to consider and comply with offshore financial account reporting standards can face extremely serious consequences. However, in at least some cases, wealthy taxpayers […]
March 23, 2017
DOJ Files Lawsuit Against Canadian Resident with Dual U.S. Citizenship

DOJ Files Lawsuit Against Canadian Resident with Dual U.S. Citizenship

On this tax blog we have long warned that as the strict enforcement of the requirement to file a Report of Foreign Bank Account (FBAR) and […]
March 20, 2017
U.S. Residents with Undeclared Foreign Bank Accounts go to Prison while Swiss Bankers get Probation

U.S. Residents with Undeclared Foreign Bank Accounts go to Prison while Swiss Bankers get Probation

Last week, Michele Bergantino, an Italian citizen and Swiss Resident, was sentenced to two years of unsupervised probation for his role in providing Swiss banking services […]