USA v. Kaufman
Case Number:
3:18-cv-00787
Court:
Nature of Suit:
Judge:
Firms
-
July 08, 2022
Top 5 International Tax Cases Of 2022: Midyear Report
Significant international tax rulings during the first half of 2022 invalidated IRS regulations for skipping the public comment requirement while showing little leniency for those accused of tax crimes. Meanwhile, courts in Germany upheld and imposed jail sentences for Warburg banking executives enmeshed in the dividend-stripping practice known as cum-ex. Here, Law360 examines the notable international tax rulings in the first half of 2022.
-
January 04, 2022
FBAR Penalty Cap Doesn't Cover Other Amounts, Judge Rules
A Connecticut federal judge found that the penalty limit for nonwillful violations of foreign account reporting requirements — capped at $10,000 annually — doesn't include related penalties, leaving an Israeli-based U.S. taxpayer on the hook for interest and late payment fees.
-
July 02, 2021
Top US Int'l Tax Cases Of 2021: Midyear Report
Federal courts handed down a number of significant tax decisions in the first half of 2021, including multiple rulings concerning foreign bank account reporting failures, where judges generally went easy on inadvertent nonfilers while upholding harsh penalties for willful violations. Here, Law360 presents the top international tax cases from the first half of 2021.
-
January 12, 2021
Federal Court Caps FBAR Penalty At $10,000 Per Year
The maximum penalty for unintentionally failing to file a foreign bank account report is $10,000 per year, not $10,000 per unreported account, a federal court ruled in a case involving a taxpayer living in Israel.