In Hom v. United States, No. 14-16214 (9th Cir. 2016), the court addressed whether an online payment account and poker websites triggered FBAR filing requirements. The stakes are high with FBAR penalties, so those with foreign accounts should take heed. FBAR Filing Requirements Taxpayers with an interest in or authority over certain foreign accounts are…
Category: Foreign Penalties
Foreign Penalties
Penalties assessed for failing to comply with foreign asset reporting requirements or other international tax obligations. Give us a call to see how we can help, (713) 909-4906.