United States Of America v. Llano
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July 26, 2022
FBAR Case Centered On $4.3M In Overseas Assets Terminated
A Florida federal court terminated a suit at the U.S. government's request after the IRS sought $42,000 in penalties from a Colombian-American who it claimed failed to report $4.3 million in foreign assets, according to an order published Tuesday.
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March 28, 2022
US Sues For FBAR Penalties Over $4.3M Held Overseas
A dual Colombian-American citizen owes the Internal Revenue Service nearly $42,000 for nonwillful failures to file timely foreign bank and financial account reports covering more than $4.3 million in assets, the government told a Florida federal court in a complaint.