USA v. Timberly Hughes

  1. August 21, 2024

    9th Circ. Upholds FBAR Penalty, Imposes Contested Interest

    A woman who operates a New Zealand winery must pay $238,000 in penalties and an extra $105,000 in interest and fees for failing to report her New Zealand financial accounts to the U.S. government, the Ninth Circuit ruled Wednesday.

  2. October 18, 2023

    FBAR Letter's Fix Shouldn't Affect Interest, IRS Tells 9th Circ.

    A revision of a demand letter correcting penalties and late fees owed for not reporting a foreign bank account does not nullify the date for calculating interest, the U.S. government told the Ninth Circuit in a bid to apply interest to a $238,000 penalty.