February 29, 2024
The U.S. government and a retired plumbing business owner mutually agreed to a 90-day stay of their $2.4 million tax dispute over foreign bank account reporting while they try to mediate a solution, a Georgia federal judge said Thursday.
August 14, 2023
A Georgia federal judge refused to dismiss a government lawsuit seeking $2.4 million in penalties against a retired plumbing-business owner accused of willfully failing to report his foreign bank accounts, saying the government sufficiently alleged the man intentionally and recklessly broke the law.
February 01, 2023
A retired businessman who the IRS says failed to report income held in Barbados asked a Georgia federal court to dismiss a government lawsuit seeking $2.4 million in penalties, contending the agency didn't properly notify him of his liability and missed its deadline to bill him.
November 18, 2022
The owner of a plumbing business who failed to report real estate income held in bank accounts in Barbados should pay $2.4 million in penalties, despite his initial willingness to cooperate with the IRS, the government told a Georgia federal court.