Kimble v. US
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March 22, 2021
Federal Circuit Upholds NY Woman's Penalty In FBAR Dispute
A New York woman owes almost $700,000 for failing to disclose a Swiss bank account, the Federal Circuit ruled Monday, saying that evidence supported a finding that she recklessly disregarded her obligation to report it.
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April 30, 2019
Offshore Account Holder Asks Fed. Circ. To Nix $700K Penalty
A $700,000 penalty for failing to file a foreign bank account report should be reduced because the violation was not done willfully, a New York woman has told the Federal Circuit.