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Federal Courts Weigh in on the FBAR: Providing Relief from Outrageous Penalties | Davies Ward Phillips & Vineberg LLP

In this bulletin, we highlight two recent federal court cases in which U.S. taxpayers won major victories against the United States with respect to their obligations to report non-U.S..

IRS Announces Relief From Penalties On Some 2019 And 2020 Tax Returns | Polsinelli

The IRS just announced, in releasing Notice 22-36, that it will be automatically issuing an estimated $1.2 billion in refunds or credits related to failure to file penalties assessed.

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