From the Tax Law Offices of David W. Klasing – 9th Circuit’s Recent Ruling Incorporates “Recklessness” into Willful FBAR Penalties

IRVINE, Calif., Oct. 8, 2024 /PRNewswire/ — One area of the law that our International Tax Attorneys & CPAs keep a constant eye on is the assessment of FBAR penalties. These penalties can either be assessed as “willful” or “non-willful” penalties depending on your alleged actions, or…