United States of America v. Schwarzbaum

  1. August 27, 2020

    FBAR Penalty Bumped To $15.7M After IRS Miscalculation

    A Florida man's failure to report interest related to his foreign bank accounts will cost him $15.7 million, a federal judge ruled after the court had miscalculated his deficiency during a previous adjudication. 

  2. March 23, 2020

    IRS' $13.7M FBAR Calculations Incorrect, Court Rules

    The Internal Revenue Service miscalculated a Florida man's $13.7 million penalty for failing to properly file reports on his foreign bank accounts and must redetermine the correct amount, a federal court has ruled.

  3. August 26, 2019

    $15.6M FBAR Case Should Be Decided At Trial, Judge Says

    A Florida federal judge has declined to rule on whether a dual U.S.-German citizen owes approximately $15.6 million in civil penalties for alleged willful failure to disclose offshore bank accounts, concluding the matter should instead be decided at trial.