FBAR

September 26, 2019

IRS Sues California Taxpayer for $119M in FBAR Lawsuit Over Unreported Foreign Accounts

The United States District Court for the Northern District of California recently ruled in favor of the Internal Revenue Service, which sued defendant Francis Burga for […]
September 20, 2019

Ruling Against Chinese Banks Threatens Taxpayers Who Fail to Comply with FATCA, FBAR

In a sealed case argued and decided earlier this summer, the U.S. Court of Appeals for the D.C. Circuit sided with the IRS against three unspecified […]
August 20, 2019
reporting bitcoin to the irs

Did You Hide Bitcoin from the IRS? Come Forward Now – Before it’s Too Late

If you’ve recently visited our tax blog, perhaps you read our article discussing the Internal Revenue Service’s plans to target 10,000 taxpayers who failed to report […]
August 19, 2019
Edward Flume UBS Account - IRS

Texas Court Holds Taxpayer Liable for Willful FBAR Penalty

In June, the Federal Tax Crimes Blog highlighted an interesting case involving the Foreign Bank Account Report (FBAR), United States of America v. Edward S. Flume […]
August 9, 2019
Bitcoin FBAR Crypto

FinCEN Update: Bitcoin, Cryptocurrency Not Subject to Foreign Bank Account Reporting (FBAR)

It’s been hailed as the wave of the future, dismissed as a failed experiment, and vilified as an enabler of cybercrime and terrorism. No matter how […]
June 19, 2019

IRS and DOJ Work to Issue “John Doe” Summons on Behalf of Finland Tax Authorities

Earlier this month, the Finnish government’s request for information in relation to tax crimes being investigated in Finland manifested themselves in a Texas federal court, where […]