Fighting the Post-Bankruptcy Survival of FederalTax Liens on Property That Is Excluded from the Bankruptcy Estate (Part 2)
How Do I Determine My Liability For FBAR Penalties Under the Penalty Mitigation Guidelines?
The IRS has authority to assert FBAR civil penalties. Contrary to popular belief, an FBAR violation doesn’t automatically mean that a penalty will be asserted. Examiners are expected to exercise discretion, taking into account the facts and circumstances of each case, in determining whether penalties should be asserted. For example, the examiner may determine that […]