On January 11, 2021 the U.S. District Court in Connecticut decided USA v. Kaufman and held that the maximum penalty for unintentionally failing to file FBARs is $10,000 per year. Not $10,000 per account. This is a major victory for taxpayers as the IRS has sought to use the non-willful FBAR penalty to exact large penalties from taxpayers, many of whom did not even know they had foreign accounts, who made honest mistakes. Trial counsel for the taxpayer will discuss the impact of this case on FBAR litigation and provide an update of best practices for offshore compliance.
DETAILS:
- The Program is FREE to Register!
- The Program is 1pm – 2pm Eastern via LIVE WEBCAST
- The Program is 1 Credits for EA and CPA
Green & Sklarz LLC
Marcus Neiman Rashbaum & Pineiro LLP
Marcus Neiman Rashbaum & Pineiro LLP
PLEASE USE THE FORM TO REGISTER FOR THE PROGRAM. YOU WILL RECEIVE A SEPARATE WEBINAR INVITATION VIA EMAIL FOR THE PROGRAM.
Program brought to you by:
- Prerequisites: None
- Program Level: Intermediate
- Advance preparation: None
- Program Delivery Method: Group Live
- One-Hour of CE Credit Field of Study: Taxes
- Cancellation Policy: If you find you cannot make the program after registering please contact our office by either email (aevans@gs-lawfirm.com) or by phone (203-285-8545) and let us know you will not be able to make the program.
- Concerns or Complaints: If you have suggestions or concerns about anything in the program or the materials please direct them to Eric Green at egreen@gs-lawfirm.com or by calling us at (203) 285-8545.
- Green & Sklarz LLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: NASBARegistry.org
