James A. Byrne U.S. Courthouse, which houses the U.S. Court of Appeals for the Third Circuit, and the U.S. District Court for the Eastern District of Pennsylvania, in downtown Philadelphia, on April 3, 2021. Photo: Diego M. Radzinschi/ALM 3rd Circ. Upholds 'FBAR Penalty' in Professor's Failure to Disclose Foreign Bank Accounts
Collins failed to report any foreign bank accounts to the IRS until he was accepted into the Offshore Voluntary Disclosure Program.
June 07, 2022 at 02:43 PM
5 minute read
The U.S. Court of Appeals for the Third Circuit affirmed a district court ruling on a "decades-long course of conduct, omission, and scienter" by a college professor who failed to disclose ownership of foreign bank accounts.
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