Current Federal Tax Developments

Keeping CPAs Up to Date on Tax Matters

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2023-03-06 Non-Willful FBAR Penalty is on a Per-Form Basis

March 04, 2023 by Ed Zollars, CPA

This week we look at:

  • Deposit and use by sheriff of jail meal money not found to be a mere misunderstanding

  • Amounts taxpayer expected to repay with future earnings found not to be loans, taxable upon receipt

  • SCOTUS rules non-willful FBAR failure is a per-form not per-account penalty

  • CPA fails to provide substantiation for deductions for practice

An audio only version of this week’s broadcast can be streamed or downloaded below:

A copy of this week’s slides and links to source materials can be downloaded below:

2023-03-06 Current Federal Tax Developments

March 04, 2023 /Ed Zollars, CPA
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