United States of America v. Naim et. al.
Case Number:
2:20-cv-01826
Court:
Nature of Suit:
Judge:
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January 21, 2021
No FBAR Penalty Due From Survivors Of Long Island Biz Owner
The family of a deceased New York business owner no longer faces a $550,000 penalty after settling a case Thursday with the IRS, which had argued he failed to report his foreign bank accounts.
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April 20, 2020
US Seeks FBAR Penalties From NY Businessman's Estate
Government lawyers have moved to collect $550,000 in penalties and interest that a late New York business owner was assessed because of his failure to make timely reports of foreign bank account holdings, according to a federal district court filing.