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Archive for January 2006

2006 # # – Sheppard

Hale E. Sheppard
Evolution of the FBAR: where we were, where we are, and why it matters
Houston Business and Tax Journal 7:1 (2006) 1-41


“Congress amended the law in late 2004, introducing new penalties for non-willful FBAR violations and more stringent penalties for willful violations. To implement this strengthened law, the U.S. Treasury Department delegated full investigatory and enforcement authority to the IRS.” [229 footnotes]

Written by usxcanada

1 January 2006 at 6:00 am