Federal Court Caps FBAR Penalty At $10,000 Per Year

By David Hansen · January 12, 2021, 6:49 PM EST

The maximum penalty for unintentionally failing to file a foreign bank account report is $10,000 per year, not $10,000 per unreported account, a federal court ruled in a case involving a...

To view the full article, register now.
Try a seven day FREE Trial

Already a subscriber? Click here to login