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

Big Win for Taxpayers in A Watershed “Willful” FBAR Penalty Case

I’m a little slow in getting around to this one, but back on September 20, 2017, the Eastern District of Pennsylvania released a taxpayer-friendly opinion regarding the “willfulness” standard in FBAR penalty cases. In Bedrosian v. United States, Case No. 2:15-cv-05853-MMB (E.D. Pa., Sept. 20, 2017), the district court held that the government had not met its burden of proof […]