Southern California Law Firm Beats IRS in FBAR Case sandiegosun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sandiegosun.com Daily Mail and Mail on Sunday newspapers.
Monday, April 5, 2021
Last week the Ninth Circuit issued a win for taxpayers in
US v. Boyd, limiting penalties for non-willful violations of the requirement to file a Report of Foreign Bank and Financial Accounts (FBAR). The FBAR requirement applies to all United States persons with interest in or authority over a foreign financial account where the aggregate value of all such accounts is more than $10,000. Jane Boyd, a United States citizen, was required to file an FBAR due to her multiple bank accounts in the United Kingdom but failed to do so in 2010. After voluntarily disclosing the accounts through the IRS’s Offshore Voluntary Disclosure Program, the IRS found that she had committed thirteen FBAR violations, one for each overseas account.
Last week the Ninth Circuit issued a win for taxpayers in US v. Boyd, limiting penalties for non-willful violations of the requirement to file a Report of Foreign Bank and Financial.
This Week At The Ninth: Remand Review And Tax Evasion - Tax mondaq.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mondaq.com Daily Mail and Mail on Sunday newspapers.
ABOUT Columns are the opinion of the author, and include both facts and the individuals personal perspective. Community members are encouraged to submit guest columns up to 600 words for consideration. Mon., March 08, 2021
This year marks the 100th anniversary of the opening of the Jane Boyd Community House
A painting of Jane Boyd hangs in the hall at Jane Boyd Community House in Cedar Rapids on Tuesday, June 13, 2017. (Liz Martin/The Gazette) Megan Isenberg
Jane Boyd was the epitome of a servant leader. She dedicated her life to serving vulnerable children and families in the Oakhill-Jackson neighborhood. During her lifetime, she impacted hundreds of families, and 100 years later, her legacy can still be felt in the heart of the neighborhood.