Record penalties sought in California in latest major FBAR case

The U.S. Internal Revenue Service is seeking what is said to be a record US$119.6m in penalties over what it has claimed in California district court documents were violations of the FBAR regulations, which require Americans to disclose their overseas financial accounts above a certain amount each year.

  • Tax
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Opinion

Creveling & Creveling: A U.S. tax form 'checklist' for tax-reporting season

Creveling & Creveling: A U.S. tax form 'checklist' for tax-reporting season

It’s that time of year again – and we're not talking here about Groundhog Day, Valentine's Day, ski season or Mardi Gras.  Rather, we're referring to that time of the...

Feb-15-2020