Don't want ads? Subscribe or login now.

Gov't Stands By $1.7M In FBAR Penalties Against Texan

By David Hansen · April 24, 2025, 8:02 PM EDT

Constitutional law does not stop the U.S. from imposing $1.7 million in penalties against a Texan for failure to report foreign bank accounts, the U.S. told a federal court in arguing...

To view the full article, register now.

Try a seven day FREE Trial

Already a subscriber? Click here to login

Documents

Response

Case Information

Case Title

United States of America v. Sagoo

Case Number

4:24-cv-01159

Court

Texas Northern

Nature of Suit

Forfeiture/Penalty: Other

Date Filed

November 27, 2024

Recent Articles By David

April 24, 2025
Methanol Giant's $85M Dividend Chain Ruled Not A Tax Dodge
April 23, 2025
Russia Seeks Stay In $5B Award Stemming From Loan Dispute
April 14, 2025
Property Trustees Settle $1M Refund Dispute With IRS
April 10, 2025
Exec Facing Tax Evasion Charges To Remain In Custody
April 10, 2025
Dechert Tax Pro Jumps To Whiteford In NY
April 09, 2025
Canada Retaliates With 25% Tariffs On US Cars And Parts
April 08, 2025
Feds Call Exec Charged With Tax Evasion A Flight Risk
April 08, 2025
Hughes Hubbard Expands Finance Practice With Tax Expert
April 04, 2025
Bulgarian Tax Authorities Violated EU VAT Law, ECJ Rules
April 03, 2025
EU Top Court Backs €4.2M Tax Levy Against Game Developer