A shocking appropriation of the inherited wealth of two U.S. citizens living in New Zealand
For those who imagine that FBAR penalties are proportionate to the amount of tax owed on the contents of non-reported “foreign” bank accounts, here is your answer!
SEAT members Laura Snyder, Karen Alpert and John Richardson recently published the following article in Tax Notes.
The Department of Justice is suing to recover the FBAR penalties. Here is the claim:
As President Reagan was fond of saying:
“Facts are stubborn things!”