Tag Archives: penalties

The Court Further Clarifies Multi-Year Penalties for Missed FBAR

The Never-Ending Saga of FBARs and IRS Penalties for FBAR (Golding & Golding) The Never-Ending Saga of FBARs and IRS Penalties for FBAR Another day and another case involving FBAR penalties, compliance, and enforcement.   The best image I can try … Continue reading

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MSP Reporting Penalties…Are Reporting Penalties Finally Coming to Fruition?

The Medicare Medicaid SCHIP Extension Act of 2007 (MMSEA) imposed Mandatory Insurer Reporting obligations on all Responsible Reporting Entities (RREs).  These mandatory requirements impart obligations on RREs, and require these entities to provide the Centers for Medicare and Medicaid Services … Continue reading

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Reviewing Compensation Arrangements for Employees Subject to U.S. Income Tax Before Year-End Could Avoid Costly Tax Penalties

We have written about this in the past [here], but the message bears repeating each year. It is easy to overlook that employment agreements, change-in-control agreements, and severance agreements with U.S. taxpayers frequently contain provisions that subject them to U.S. Internal … Continue reading

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Interfering with an Emergency Call Penalties

Tex. Pen. Code § 42.062 defines the criminal offense of interfering with an emergency request for assistance as occurring when an individual knowingly prevents or interferes with another person’s ability to place an emergency call or otherwise request emergency assistance. … Continue reading

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Are GDPR Fines and Penalties Insurable?

When the European Union’s updated General Data Protection Regulation (GDPR) went into effect on May 25, 2018, media reports focused on the potentially massive fines that the regulation authorizes – the regulation authorizes fines of up to €20 million or … Continue reading

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