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Texas Court rules 'non-willful penalty' should apply 'per FBAR' not per account
In a case experts say has potentially major repercussions for expatriate Americans, the U.S. District Court for the Eastern District of Texas has ruled that the penalty for so-called "non-willful violations" of the U.S. Foreign Bank Account Reporting regulations should be calculated on a "per-FBAR", rather than per account, basis.
• July 8, 2020
• Tax
• By Helen Burggraf

Andersen Global enters Caribbean market via collab agreement with Puerto Rican BDO tax firm
Andersen Global, the San Francisco-based organization of legally-separate tax and legal services firms that evolved out of a part of the now-defunct Arthur Andersen accountancy firm, has unveiled what it calls a "collaboration agreement" with a San Juan, Puerto Rico-based tax firm that it says will mark its entry into…
• July 6, 2020
• Tax
• By staff writer

U.S. Tax Court declines to consider US$160,000 passport revocation case, involving New York-resident American
The U.S. Tax Court in Washington last Thursday said it “lacked jurisdiction” and otherwise “could provide no… relief” to a New York resident who brought a legal challenge over the revocation of her American passport on grounds that she owed US$160,000 in “assessed penalties” to the IRS.
• June 30, 2020
• Tax
• By Helen Burggraf

Now Monte Silver launches promised ‘copycat’ legal action in DC against TCJA’s GILTI provisions
Monte Silver, the American tax attorney resident in Israel who in January 2019 filed a still-ongoing lawsuit that challenges the so-called Transition Tax element of President Trump's 2017 tax reform legislation, has filed another lawsuit, also in U.S. District Court in the District of Columbia, over another aspect of the…
• June 15, 2020
• Tax
• By Helen Burggraf