Tag Archives: penalty

FBAR Cases & Penalty (2018 Update) – FBAR Penalty Case Court Rulings

FBAR Cases & Penalty (2018 Update) – FBAR Penalty Case Court Rulings (Golding & Golding) FBAR Cases & Penalty (2018 Update) – FBAR Penalty Case Court Rulings Despite all of the fear mongering and scaremongering you will undoubtedly come across … Continue reading

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Whatever happened to…Thailand’s abolition of the death penalty?

Source: Southeast Asia Globe (30 August 2018)http://sea-globe.com/whatever-happened-to-thailands-abolition-of-the-death-penalty/Two months ago, 26-year-old Teerasak Longji was stretched out on a rack and killed. In decades past, the young Thai man would have stared down a firing squad in his final waking moments. But … Continue reading

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Bankrupt Medical Records Company Hit with $100,000 Penalty for HIPAA Violations

Filefax, Inc., a defunct Illinois medical records storage and management company, has been fined $100,000 for improperly handling medical data under an agreement with the court-appointed receiver managing the company’s assets on behalf of its creditors.  This settlement has implications … Continue reading

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Court Says FBAR Willful Penalty not Limited to $100,000

Court Says FBAR Willful Penalty not Limited to $100,000 Breaking from Wadhan and Colliot, the court in Norman v. United States, No. 15-872T (Ct. Cl. 2018) recently held that FBAR willful penalties are not limited to $100,000 despite the regulation which sets … Continue reading

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Coinbase Subpoena & Offshore Penalty – IRS Pursues Crypto Penalties

Coinbase Subpoena & Offshore Penalty – IRS Pursues Crypto Penalties (Certified Tax Specialist) Coinbase Subpoena & Offshore Penalty – IRS Pursues Crypto Penalties Recently, the IRS was awarded a subpoena to inspect documents from Coinbase — in order to uncover cryptocurrency related … Continue reading

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