Do FBAR Penalties Die With the Taxpayer?

Published Categorized as Articles, Houston, Tax

When someone has an undisclosed foreign bank account that the government has not yet assessed penalties for and they die, can the government still pursue the penalties? The answer hinges on a fundamental legal classification that courts are actively debating—are FBAR penalties primarily punitive fines or remedial damages? If FBAR penalties are primarily punitive, they… Continue reading Do FBAR Penalties Die With the Taxpayer?

The post Do FBAR Penalties Die With the Taxpayer? appeared first on Houston Tax Attorneys | Mitchell Tax Law.

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