Tag Archives: Norman v. United States

Garrity Ruling is Latest in Growing Debate over Civil Penalties for FBAR Violations

The U.S. District Court for the District of Connecticut has joined a growing debate among lower courts regarding the appropriate civil penalty applicable to willful FBAR violations through its ruling in United States v. Garrity.  The FBAR statute, regulations, instructions, and related guidance require that taxpayers annually report to the Treasury Department any financial interest … Continue Reading
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