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  • How will the irs assert fbar penalties?

    How will the irs assert fbar penalties?

    Although experienced practitioners knew the IRS position, it was formally unknown whether the IRS was asserting willful violation of FBAR penalties totaling 50% per year of the highest aggregate balance of all accounts for the year with high balance, or if they would follow a more draconian approach by asserting a 50% willful violation penalty …

    Although experienced practitioners knew the IRS position, it was formally unknown whether the IRS was asserting willful violation of FBAR penalties totaling 50% per year of the highest aggregate balance of all accounts for the year with high balance, or if they would follow a more draconian approach by asserting a 50% willful violation penalty …

    Although experienced practitioners knew the IRS position, it was formally unknown whether the IRS was asserting willful violation of FBAR penalties totaling 50% per year of the highest aggregate balance of all accounts for the year with high balance, or if they would follow a more draconian approach by asserting a 50% willful violation penalty …