Federal Tax Crimes: Court Holds Taxpayer Liable for FBAR Civil Willful Penalty (February 10, 2021)

Jack Townsend, in his Federal Tax Crimes Blog, discusses United States v. Collins, 2021 U.S. Dist. LEXIS 23260 (W.D. Penn. 2/8/21).

The Court’s reasoning for its principal holding that the de novo review standard applies rather than the APA abuse of discretion standard echoes the holding that, since Tax Court deficiency review is de novo, abuse of discretion will not apply. 

To see the full article, click here: “Court Holds Taxpayer Liable for FBAR Civil Willful Penalty”

To download the full opinion, click here: United States v. Collins, 2021 U.S. Dist. LEXIS 23260 (W.D. Penn. 2/8/21)

Posted by Elise Kim, Managing Associate Editor, Wealth Strategies Journal.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s