11th Circ. Mulls If IRS Should Revisit $12.5M FBAR Penalty

By Natalie Olivo · October 6, 2021, 8:31 PM EDT

An Eleventh Circuit panel is weighing whether there are grounds for the IRS to revisit a $12.5 million penalty against a Florida resident, who a district court found acted recklessly —...

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Case Information

Case Title

USA v. Isac Schwarzbaum

Case Number

20-13989

Court

Appellate - 11th Circuit

Nature of Suit

1690 Oth Forfeiture and Penalty Suits 

Date Filed

October 23, 2020