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Offshore Update: U.S.A. V. Kaufman and how not to FUBAR Your FBARs

OFFSHORE UPDATE: USA V. KAUFMAN AND HOW NOT TO FUBAR YOUR FBARS

Cost $15.00
Presentation Length 1.0 hour

Recorded DateFebruary 15, 2021
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaTaxes
Course LevelBasic
Course Description

On January 11, 2021 the U.S. District Court in Connecticut decided USA v. Kaufman and held that the maximum penalty for unintentionally failing to file FBARs is $10,000 per year. Not $10,000 per account. This is a major victory for taxpayers as the IRS has sought to use the non-willful FBAR penalty to exact large penalties from taxpayers, many of whom did not even know they had foreign accounts, who made honest mistakes. 

Learning Objectives: 


  • Identify the full impact of USA v Kaufman on FBAR litigation 

  • Determine best practices for offshore compliance

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PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE

Jeffrey Sklarz

Green & Sklarz LLC
Attorney at Law
[email protected]
(203) 285-8545

Greensklarz

Jeff’s practice is focused on representing businesses and individuals with complex financial litigation needs, including bankruptcy/bankruptcy litigation, creditor/debtor litigation, tax litigation, pension and employee benefits litigation, and commercial litigation. He regularly tries cases and appeals before Connecticut’s state and federal courts. Jeff has particular experience regarding the interplay between and among bankruptcy law, tax law, and ERISA.

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Jeffrey A. Neiman is an accomplished trial attorney who focuses on white-collar defense, tax controversies, securities regulatory matters, and general litigation. Upon graduating with honors from law school at the University of Florida, Mr. Neiman was hired as a federal prosecutor through the prestigious United States Department of Justice Attorney General’s Honors Program. For nearly nine years, Mr. Neiman worked as an Assistant United States Attorney and Trial Attorney for the Department of Justice in South Florida and in Washington, D.C.

About Our Presenter

Greensklarz
Green & Sklarz LLC is a boutique law firm that focuses on representing businesses and individuals with complex tax planning needs and representation. The firm’s attorneys have established a reputation for excellent and efficient representation of clients who have complex transactions, planning needs or have encountered difficult circumstances. As planners we handle corporate transactions and significant land use issues, as well as sophisticated estate planning and succession planning for our individual and family clients. As crisis managers, we assist clients with identifying and attempting to achieve core goals, in order to protect businesses, employees and families. We draw on a cross-disciplinary approach to ensure our client’s needs are addressed in order to reach the best possible solution to problems.