United States of America v. Schwarzbaum
Case Number:
9:18-cv-81147
Court:
Nature of Suit:
Judge:
Firms
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December 06, 2023
11th Circ. Questions Whether $18M FBAR Penalty Is Excessive
The Eleventh Circuit questioned Wednesday whether $18 million in tax penalties against a man who failed to report his foreign bank accounts may have breached the U.S. Constitution's bar on excessive fines, with one judge calling the issue the most serious in the case.
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June 09, 2023
Man Can't Halt Repatriation Of $18M During FBAR Appeal
A dual U.S.-German citizen fighting nearly $18 million in tax liabilities for hiding his foreign bank accounts cannot wait for his appeal to be decided before repatriating his assets to a U.S. bank account, a Florida federal judge ruled Friday.
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May 30, 2023
Dual Citizen Appealing $17.9M Repatriation In FBAR Case
A man with citizenship in the U.S. and Germany is appealing a federal court order calling for him to repatriate $17.9 million to cover a judgment for failing to file reports of foreign bank accounts, according to a notice filed Tuesday in a Florida federal court.
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March 29, 2023
Floridian Ordered To Repatriate $17.9M For FBAR Violations
A Floridian fighting a $17.9 million judgment for hiding foreign bank accounts must transfer enough money from his overseas accounts to cover the debt, a Florida federal judge ruled, rejecting the man's arguments the court lacked authority to order the repatriation.
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January 23, 2023
Floridian Urges Court To Deny Gov'ts $18M Repatriation Bid
A Floridian should be allowed to keep about $18 million overseas while the Eleventh Circuit weighs his appeal against the IRS' penalty calculation for undisclosed Swiss bank accounts, he told a Florida federal court, arguing against the U.S. government's repatriation bid.
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January 06, 2023
Court Urged To OK Seizing Overseas Funds For $18M Penalty
The U.S. should be allowed to seize the overseas funds of a Floridian who moved his assets offshore in the wake of an $18 million penalty for failing to report foreign bank accounts, the U.S. told a Florida federal court Friday.
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October 28, 2022
Fla. Judge OKs $18M In FBAR Penalties Recalculated By IRS
A Florida man owes $18 million in penalties for willfully failing to report his foreign bank accounts after a Florida federal court found that the Eleventh Circuit, which had faulted the IRS' penalty calculation, didn't vacate the court's determination of his culpability.
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May 18, 2022
Fla. District Court Says It Still Has Say In FBAR Penalty Fight
A Florida man still faces penalties originally set at $18 million for not reporting foreign bank accounts, a federal district court ruled, saying it retained jurisdiction even after a circuit court remand for the Internal Revenue Service to recalculate penalties.
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January 06, 2022
$18.5M FBAR Order Paused For 11th Circ. Appeal
A Florida resident can keep about $18.5 million overseas while the Eleventh Circuit mulls whether to uphold penalties for his failure to disclose Swiss bank accounts to the Internal Revenue Service, a federal judge ruled, pausing her earlier repatriation order.
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December 23, 2021
$18M FBAR Order Should Pause Pending Appeal, Court Told
A Florida man shouldn't have to repatriate $18.2 million to satisfy a judgment finding he failed to disclose his Swiss bank accounts to the IRS while he challenges the decision in the Eleventh Circuit, he told a federal court.