United States of America v. Schwarzbaum

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Case Number:

9:18-cv-81147

Court:

Florida Southern

Nature of Suit:

Forfeit/Penalty: Other

Judge:

Beth Bloom

Firms

  1. October 26, 2021

    Man Must Repatriate $18.2M To Satisfy FBAR Bill, Court Says

    A Florida man must repatriate roughly $18.2 million held in his overseas bank accounts to pay a court judgment finding he failed to disclose his Swiss accounts to the Internal Revenue Service, a federal judge said.

  2. July 15, 2021

    $18.2M Repatriation In FBAR Row Improper, Court Told

    A Florida resident told a federal court that he shouldn't be forced to repatriate $18.2 million held in overseas banks to satisfy a judgment for failing to report his Swiss bank accounts to the Internal Revenue Service.

  3. June 30, 2021

    Federal Court Can Force $18.2M Repatriation, Magistrate Says

    A Florida federal court can force a taxpayer to repatriate $18.2 million held in overseas banks to satisfy a $12.6 million judgment for failing to report his Swiss bank accounts to the IRS, a magistrate judge determined Wednesday.

  4. June 25, 2021

    Offshore Cash Can Be Sought For $16M FBAR Bill, US Says

    A Florida resident has no grounds to refuse to use his overseas cash to help satisfy a nearly $16 million court judgment for failing to report his overseas bank accounts to the IRS, the U.S. government told a federal court.

  5. August 27, 2020

    FBAR Penalty Bumped To $15.7M After IRS Miscalculation

    A Florida man's failure to report interest related to his foreign bank accounts will cost him $15.7 million, a federal judge ruled after the court had miscalculated his deficiency during a previous adjudication. 

  6. March 23, 2020

    IRS' $13.7M FBAR Calculations Incorrect, Court Rules

    The Internal Revenue Service miscalculated a Florida man's $13.7 million penalty for failing to properly file reports on his foreign bank accounts and must redetermine the correct amount, a federal court has ruled.

  7. August 26, 2019

    $15.6M FBAR Case Should Be Decided At Trial, Judge Says

    A Florida federal judge has declined to rule on whether a dual U.S.-German citizen owes approximately $15.6 million in civil penalties for alleged willful failure to disclose offshore bank accounts, concluding the matter should instead be decided at trial.