Reckless Conduct Sufficient for FBAR Civil Tax Penalty

It is not clear as to what level of conduct justifies the imposition of the $100,000+ foreign bank account reporting (“FBAR”) civil tax penalty. In Bedrosian v. United States, No. 15-5853 (E.D. Pa. 2017), the court considered whether reckless conduct is sufficient given the facts presented in the case. The FBAR Civil Tax Penalty The […] The post Reckless Conduct Sufficient for FBAR Civil Tax Penalty appeared first on Houston Tax Attorney.
Source: Houston Tax Attorney

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