How To Avoid Paying The FBAR 'Willful Failure to File' Penalty Recommends Anthony Verni, Tax Attorne
A willful violation of the FBAR requirements is a felony, punishable by five years in prison, a fine of $250,000, or both. In all cases, the IRS has the burden of proving willfulness. According to Verni, "To be convicted of a felony for failing to file an FBAR the government must prove willfulness beyond a reasonable doubt, a higher standard of proof than is needed to impose the civil penalty. In the civil context, the standard of proof is clear and convincing evidence, not merely a preponderance of the evidence." Miami, FL. (PRWEB) January 15, 2013 Although the FBAR statute
Contributor
About
PRWeb, a leader in online news and press release distribution, has been used by attorneys, law firms and more than 40,000 organizations
PRWeb, a leader in online news and press release distribution, has been used by attorneys, law firms and more than 40,000 organizations
Categories
- Articles 313
- Bankruptcy 44
- Business 135
- Cases & Codes 68
- Contracts 27
- Criminal Law 122
- Employment 24
- Expert Reports 3
- Expert Witness 34
- Family Law 57
- Form Letters 15
- Immigration 3
- Intellectual Prop 32
- Internet Law 10
- Law Practice 99
- Law School 2
- Legal Research 19
- Litigation 186
- Miscellaneous 64
- PR Web 41689
- Personal Injury 609
- Press Release 43
- Probate 54
- Real Estate 68
- Tax Law 23
- Workers Comp 4