United States of America v. Kaufman et al
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April 12, 2023
Woman's FBAR Penalty Reduced To $40K Following Bittner
A woman's liability for foreign bank account reporting penalties was reduced to $40,000 from roughly $170,000, citing the U.S. Supreme Court's decision Bittner v. U.S. finding the penalties are assessed on a per-form, rather than per-account, basis, according to a judgment from a Texas federal court Wednesday.
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October 26, 2022
Woman Accepts Liability For Husband's $755K FBAR Fine
A woman is liable for a nearly $755,000 penalty assessed against her husband's estate for wilfully failing to report 12 bank accounts in Switzerland and Israel, according to a judgment agreed upon by her and the government in Texas federal court.