Alice Kimble, Petitioner v. United States
Case Number:
20-1697
Court:
Nature of Suit:
Firms
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October 04, 2021
Supreme Court Won't Hear Challenge To $700K FBAR Penalty
A New York woman's attempt to avoid a penalty of nearly $700,000 for failing to file foreign bank account reporting forms ended Monday after the U.S. Supreme Court declined to take up her case.
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June 11, 2021
FBAR Penalty Should Be Capped At $100K, Justices Told
The penalty for willfully failing to file foreign bank account reporting forms with the Internal Revenue Service should be capped at $100,000, a New York woman facing a penalty of almost $700,000 told the U.S. Supreme Court.