The $10,000 Non-Willful FBAR Penalty -- Important Development, 2021-2022

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Video discussing an important update in the assessment of Non-Willful FBAR Penalties. In this video, I discuss a recent development in the IRS's assessment of the $10,000 Non-Willful FBAR Penalty. There is a current "split" in the Federal Courts concerning "how" the $10,000 Non-Willful FBAR Penalty is calculated. The differences in the calculations are dramatic. If you are facing a potential FBAR Penalty assessment, it is important to know the differences in calculations that may affect taxpayers, like you.
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Thank you and stay well,
Jason
Firm Tele. 833-259-TAXX (8299)
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https://webbmorton.com/foreign-tax/