2023-03-06 Non-Willful FBAR Penalty is on a Per-Form Basis
This week we look at:
Deposit and use by sheriff of jail meal money not found to be a mere misunderstanding
Amounts taxpayer expected to repay with future earnings found not to be loans, taxable upon receipt
SCOTUS rules non-willful FBAR failure is a per-form not per-account penalty
CPA fails to provide substantiation for deductions for practice
An audio only version of this week’s broadcast can be streamed or downloaded below:
A copy of this week’s slides and links to source materials can be downloaded below: