United States of America v. Reyes et al
Case Number:
1:21-cv-05578
Court:
Nature of Suit:
Judge:
-
January 10, 2024
Couple Owe IRS $500K Each For Hidden Swiss Account
A couple who never told their longtime tax preparer about a Swiss bank account containing more than $2 million owe more than $500,000 each in tax penalties for failing to report the account to the Internal Revenue Service, a New York federal judge ruled Wednesday.
-
May 03, 2023
Court Urged To Hold Couple Liable For $1M In FBAR Penalties
Enough proof exists of a couple's recklessness for a federal judge to find they owe nearly $1 million in penalties for willfully failing to report their foreign bank account, the U.S. government said in New York federal court Wednesday.
-
October 08, 2021
Couple Owe Almost $1M In FBAR Penalties, US Says
An American couple owe the government almost $1 million in penalties and interest for willfully failing to report their overseas bank account, the U.S. told a federal court in a civil action to collect tax penalties.