Rost v. USA

  1. October 11, 2022

    5th Circ. Rejects Bid To Rethink $690K In Trust Penalties

    The Fifth Circuit on Tuesday rejected a request to rethink its decision upholding $690,000 in Internal Revenue Service late penalties for an estate whose founder allegedly failed to report a foreign trust.

  2. September 28, 2022

    Estate Asks 5th Circ. To Rethink $690K Foreign Trust Penalties

    An estate that received $690,000 in Internal Revenue Service late penalties for its founder's alleged failure to report a foreign trust asked the Fifth Circuit to rehear the case, saying its previous decision was biased and ignored case law.

  3. August 11, 2022

    5th Circ. Denies Estate Penalty Refunds For Foreign Trust

    The Fifth Circuit affirmed Thursday that a man's estate isn't owed about $690,000 in refunds over foreign trust reporting penalties he paid regarding a foundation he formed because he could've foreseen it was a foreign trust.

  4. March 15, 2022

    5th Circ. Urged To Deny Foreign Trust Penalty Refunds

    A man's estate isn't owed about $690,000 in refunds over foreign trust reporting penalties he paid regarding a foundation he formed, because he should have known it was a foreign trust, the U.S. government told the Fifth Circuit.