Townsend, Magistrate Recommends Sustaining Imposition of FBAR Willful Penalty (8/28/19)

In the recent United States v. Rum ruling, the Court “granted the Government’s Motion for Summary Judgment sustaining the FBAR willful penalty at 50% for a single year.” Click here for the full Magistrate Report and Recommendation (dated 8/2/19). Click here for the Court Listener docket entries with available links to some of the underlying docket entries.

Download the full article by clicking Townsend, Magistrate Recommends Sustaining Imposition of FBAR Willful Penalty (8/28/19).

Posted by Jessica Zhang, Associate Editor, Wealth Strategies Journal.

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