Yesterday, a District Court Judge in Connecticut ruled in favor of our client at summary judgment and found that the non-willful penalty for failure to file an FBAR is capped at $10,000 per form, not per account, as had been argued by IRS and and DOJ. This was a matter of first impression for the Court and the ruling will impact many taxpayers. To date, the issue had only been decided by two other courts and they were divided on the issue.
You can read the decision here: United States v. Kaufman
Questions about this or other tax litigation matters? Contact us at either egreen@gs-lawfirm.com or (203) 285-8545.
Eric L. Green
Green & Sklarz LLC
One Audubon Street, 3rd Floor
New Haven, CT 06511
Ph. (203) 285-8545
egreen@gs-lawfirm.com
www.gs-lawfirm.com
NEW HAVEN, CT – Tax Rep Network is thrilled to announce its formal partnership with the National Association of Tax Professionals (“NATP”). This new partnership will bring NATP members unprecedented access to Tax Rep Network’s training, marketing and practice management tools to help tax practitioners build their representation practices and increase their bottom lines at a very challenging time for clients battered by the pandemic and increased automation of accounting and self-filing of tax returns.
NATP members receive a special introductory offer and discount on their access to the TRN training and help desk, as well as its library of forms, checklists, marketing materials, training videos and workshops. All NATP members should look for the NATP newsletter emailed to them from the NATP today with their special offer and link.
Not an NATP Member? Check out the benefits of NATP membership here: https://www.natptax.com/AboutNATP/JoinNATP/Pages/default.aspx
Tax Rep Network is a coaching and training program focused on the practice of tax representation. Our mission is to serve clients and members who are tax professionals including CPAs, EAs, and attorneys with high-quality training, coaching, courses, and books so that they can start and grow their own tax resolution practices. The National Association of Tax Professionals is comprised of over 23,000 leading tax professionals who uphold a superior standard of ethics and professional excellence. It exists to be the most reliable resource for gaining and developing professional tax expertise. It strives to support its members through cutting-edge knowledge and resources, effective advocacy, and the relationships they need to succeed professionally and personally.
To find out more about Tax Rep LLC or Tax Rep Network, visit the website at https://taxrepllc.com/
Eric L. Green, LL.M.
Green & Sklarz LLC
One Audubon Street, 3rd Floor
New Haven, CT 06511
Ph. (203) 285-8545
egreen@gs-lawfirm.com
www.gs-lawfirm.com
