eBook | Foreign Asset Reporting: Navigating the Choppy Financial Seas.

Contesting an IRS Decision in an Independent Forum: An Uphill Battle

In general, the IRS doesn’t like to be questioned. While the tax code is a behemoth of a document and it is virtually impossible for anyone to fully understand every aspect of taxation in the United States, the IRS still likes to cling to the notion that it is correct in all circumstances, even when […]

New Willful FBAR Case is Eerily Foreboding for Taxpayer

A new willful FBAR penalty case is getting way in the Southern District of New York. And from the looks of it, the taxpayer appears to have an uphill battle. In United States v. Gentges (USDC SDNY Dkt. 7:18-cv-07910), the Government filed suit to collect a “willful” FBAR penalty from a New York resident for a single […]