{"id":110630,"date":"2021-04-05T14:00:00","date_gmt":"2021-04-05T14:00:00","guid":{"rendered":"https:\/\/icrowdnewswire.com\/?p=2858112"},"modified":"2021-04-05T14:00:00","modified_gmt":"2021-04-05T14:00:00","slug":"southern-california-law-firm-beats-irs-in-fbar-case","status":"publish","type":"post","link":"https:\/\/ipsnews.net\/business\/2021\/04\/05\/southern-california-law-firm-beats-irs-in-fbar-case\/","title":{"rendered":"Southern California Law Firm Beats IRS in FBAR Case"},"content":{"rendered":"

\"\"<\/p>\n

The Law Offices of A. Lavar Taylor LLP, a prominent tax controversy firm located in Santa Ana, CA, is pleased to announce that it has prevailed against the IRS on behalf of their client, Jane Boyd, in a case of first impression in the 9th<\/sup> Circuit Court of Appeals.\u00a0 The case, United States v. Boyd<\/em>, involved the question of whether the IRS can penalize a taxpayer who non-willfully files a late Foreign Bank Account Report (\u201cFBAR\u201d) up to $10,000 for each foreign account listed on the late-filed FBAR (\u201c$10,000 per account\u201d); or instead can only impose a single penalty of up to $10,000 (\u201c$10,000 per FBAR\u201d), even where the FBAR reports multiple foreign accounts.<\/p>\n

In an opinion issued on March 24, 2021, The Ninth Circuit reversed the holding of the District Court and held that the IRS may only impose a penalty of up to $10,000 per FBAR, regardless of the number of accounts shown on the late-filed FBAR, where a taxpayer non-willfully files a late, but accurate, FBAR. The opinion in Boyd <\/em>characterized the government\u2019s position that it can impose a \u201cper account\u201d penalty of up to $10,000 where the taxpayer non-willfully files a late, but accurate FBAR as not a reasonable position.<\/p>\n

The Ninth Circuit\u2019s opinion may be found here:\u00a0 [link] https:\/\/cdn.ca9.uscourts.gov\/datastore\/opinions\/2021\/03\/24\/19-55585.pdf<\/a>.<\/p>\n

The IRS had previously assessed a penalty against Ms. Boyd of almost $50,000 for her late filing of her 2010 FBAR. That penalty exceeded $10,000 because Ms. Boyd\u2019s 2010 late filed FBAR reflected multiple foreign bank accounts. As the result of the Ninth Circuit\u2019s opinion, the penalty against Ms. Boyd cannot exceed $10,000.<\/p>\n

U.S. citizens and residents who have foreign bank accounts and who have certain other types of foreign accounts\u00a0 are required to file an FBAR for any year where the value of these foreign accounts exceeds $10,000 during that year.\u00a0 A failure to a timely, complete and accurate FBAR can result in serious financial penalties, as well as a criminal prosecution, if the IRS concludes that such a failure was \u201cwillful.\u201d\u00a0 If the IRS is seeking to penalize you for a lack of compliance with the rules governing the filing of FBARs, or if you have any questions about these rules, the Law Office of A. Lavar Taylor stands ready to assist you.<\/p>\n

A. Lavar Taylor, Attorney and Founder of the Law Offices of A. Lavar Taylor, LLP (http:\/\/www.Taylorlaw.com<\/a>), is widely recognized as an authority in civil and criminal tax<\/a> controversy law. Mr. Taylor has been named as one of “The Best Lawyers in America” and is a frequent speaker at tax seminars.<\/p>\n

Tags: Tax Controversy<\/a>, Tax Advice<\/a>, Criminal Tax Law<\/a>, Civil Tax Law<\/a>, tax law<\/a>, Law<\/a> <\/p>\n

See Campaign: <\/strong>https:\/\/www.taylorlaw.com\/<\/a>
Contact Information:<\/b>
Contact: Maggie Allen-Reimers Company: Law Offices of A. Lavar Taylor, LLP Address: 3 Hutton Centre Dr #500, Santa Ana, CA Contact Number: 949-459-0213 Email: mallen@taylorlaw.com<\/p>\n

Tags:<\/b>
<\/a>, IPS<\/a>, Financial Content<\/a>, Google News<\/a>, Reportedtimes<\/a>, iCN Internal Distribution<\/a>, Extended Distribution<\/a>, Legal Newswire<\/a>, Legal Technology<\/a>, Tax practice<\/a>, English<\/a><\/p>\n

\"image\"<\/div>\n

\n

Contact Information:<\/h3>\n

Contact: Maggie Allen-Reimers
Company: Law Offices of A. Lavar Taylor, LLP
Address: 3 Hutton Centre Dr #500, Santa Ana, CA
Contact Number: 949-459-0213
Email: mallen@taylorlaw.com<\/p>\n<\/p>\n<\/div>\n

The post Southern California Law Firm Beats IRS in FBAR Case<\/a> appeared first on Financial Market Brief<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Law Offices of A. Lavar Taylor LLP, a prominent tax controversy firm located in Santa Ana, CA, is pleased to announce that it has prevailed against the IRS on behalf of their client, Jane Boyd, in a case of first impression in the 9th Circuit Court of Appeals.  The case, United States v. Boyd, […]<\/p>\n

The post Southern California Law Firm Beats IRS in FBAR Case<\/a> appeared first on Financial Market Brief<\/a>.<\/p>\n

Continue Reading →<\/span><\/a><\/p>\n","protected":false},"author":291,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-110630","post","type-post","status-publish","format-standard","hentry","category-press-release"],"yoast_head":"\nSouthern California Law Firm Beats IRS in FBAR Case - Business<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/ipsnews.net\/business\/2021\/04\/05\/southern-california-law-firm-beats-irs-in-fbar-case\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Southern California Law Firm Beats IRS in FBAR Case - Business\" \/>\n<meta property=\"og:description\" content=\"The Law Offices of A. Lavar Taylor LLP, a prominent tax controversy firm located in Santa Ana, CA, is pleased to announce that it has prevailed against the IRS on behalf of their client, Jane Boyd, in a case of first impression in the 9th Circuit Court of Appeals.  The case, United States v. Boyd, […] The post Southern California Law Firm Beats IRS in FBAR Case appeared first on Financial Market Brief. Continue Reading →\" \/>\n<meta property=\"og:url\" content=\"http:\/\/ipsnews.net\/business\/2021\/04\/05\/southern-california-law-firm-beats-irs-in-fbar-case\/\" \/>\n<meta property=\"og:site_name\" content=\"Business\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-05T14:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/icrowdnewswire.com\/wp-content\/uploads\/2021\/04\/2208-lavar-taylor-law-new-logo-legal-wire.jpg\" \/>\n<meta name=\"author\" content=\"iCrowdNewswire\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"iCrowdNewswire\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"http:\/\/ipsnews.net\/business\/2021\/04\/05\/southern-california-law-firm-beats-irs-in-fbar-case\/\",\"url\":\"http:\/\/ipsnews.net\/business\/2021\/04\/05\/southern-california-law-firm-beats-irs-in-fbar-case\/\",\"name\":\"Southern California Law Firm Beats IRS in FBAR Case - Business\",\"isPartOf\":{\"@id\":\"https:\/\/ipsnews.net\/business\/#website\"},\"primaryImageOfPage\":{\"@id\":\"http:\/\/ipsnews.net\/business\/2021\/04\/05\/southern-california-law-firm-beats-irs-in-fbar-case\/#primaryimage\"},\"image\":{\"@id\":\"http:\/\/ipsnews.net\/business\/2021\/04\/05\/southern-california-law-firm-beats-irs-in-fbar-case\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/icrowdnewswire.com\/wp-content\/uploads\/2021\/04\/2208-lavar-taylor-law-new-logo-legal-wire.jpg\",\"datePublished\":\"2021-04-05T14:00:00+00:00\",\"author\":{\"@id\":\"https:\/\/ipsnews.net\/business\/#\/schema\/person\/bde271d5882ffdcb71d1a2a961b51fee\"},\"breadcrumb\":{\"@id\":\"http:\/\/ipsnews.net\/business\/2021\/04\/05\/southern-california-law-firm-beats-irs-in-fbar-case\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"http:\/\/ipsnews.net\/business\/2021\/04\/05\/southern-california-law-firm-beats-irs-in-fbar-case\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"http:\/\/ipsnews.net\/business\/2021\/04\/05\/southern-california-law-firm-beats-irs-in-fbar-case\/#primaryimage\",\"url\":\"https:\/\/icrowdnewswire.com\/wp-content\/uploads\/2021\/04\/2208-lavar-taylor-law-new-logo-legal-wire.jpg\",\"contentUrl\":\"https:\/\/icrowdnewswire.com\/wp-content\/uploads\/2021\/04\/2208-lavar-taylor-law-new-logo-legal-wire.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"http:\/\/ipsnews.net\/business\/2021\/04\/05\/southern-california-law-firm-beats-irs-in-fbar-case\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ipsnews.net\/business\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Southern California Law Firm Beats IRS in FBAR Case\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ipsnews.net\/business\/#website\",\"url\":\"https:\/\/ipsnews.net\/business\/\",\"name\":\"Business\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ipsnews.net\/business\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/ipsnews.net\/business\/#\/schema\/person\/bde271d5882ffdcb71d1a2a961b51fee\",\"name\":\"iCrowdNewswire\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ipsnews.net\/business\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/aa079ec4d87ad6117c9db7a1a2cde1607ee2f869010252c2d0af346f0047b325?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/aa079ec4d87ad6117c9db7a1a2cde1607ee2f869010252c2d0af346f0047b325?s=96&d=mm&r=g\",\"caption\":\"iCrowdNewswire\"},\"sameAs\":[\"https:\/\/heymuse.com\/ips\"],\"url\":\"https:\/\/ipsnews.net\/business\/author\/icrowdnewswire\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Southern California Law Firm Beats IRS in FBAR Case - Business","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"http:\/\/ipsnews.net\/business\/2021\/04\/05\/southern-california-law-firm-beats-irs-in-fbar-case\/","og_locale":"en_US","og_type":"article","og_title":"Southern California Law Firm Beats IRS in FBAR Case - Business","og_description":"The Law Offices of A. Lavar Taylor LLP, a prominent tax controversy firm located in Santa Ana, CA, is pleased to announce that it has prevailed against the IRS on behalf of their client, Jane Boyd, in a case of first impression in the 9th Circuit Court of Appeals.  The case, United States v. Boyd, […] The post Southern California Law Firm Beats IRS in FBAR Case appeared first on Financial Market Brief. Continue Reading →","og_url":"http:\/\/ipsnews.net\/business\/2021\/04\/05\/southern-california-law-firm-beats-irs-in-fbar-case\/","og_site_name":"Business","article_published_time":"2021-04-05T14:00:00+00:00","og_image":[{"url":"https:\/\/icrowdnewswire.com\/wp-content\/uploads\/2021\/04\/2208-lavar-taylor-law-new-logo-legal-wire.jpg","type":"","width":"","height":""}],"author":"iCrowdNewswire","twitter_card":"summary_large_image","twitter_misc":{"Written by":"iCrowdNewswire","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"http:\/\/ipsnews.net\/business\/2021\/04\/05\/southern-california-law-firm-beats-irs-in-fbar-case\/","url":"http:\/\/ipsnews.net\/business\/2021\/04\/05\/southern-california-law-firm-beats-irs-in-fbar-case\/","name":"Southern California Law Firm Beats IRS in FBAR Case - Business","isPartOf":{"@id":"https:\/\/ipsnews.net\/business\/#website"},"primaryImageOfPage":{"@id":"http:\/\/ipsnews.net\/business\/2021\/04\/05\/southern-california-law-firm-beats-irs-in-fbar-case\/#primaryimage"},"image":{"@id":"http:\/\/ipsnews.net\/business\/2021\/04\/05\/southern-california-law-firm-beats-irs-in-fbar-case\/#primaryimage"},"thumbnailUrl":"https:\/\/icrowdnewswire.com\/wp-content\/uploads\/2021\/04\/2208-lavar-taylor-law-new-logo-legal-wire.jpg","datePublished":"2021-04-05T14:00:00+00:00","author":{"@id":"https:\/\/ipsnews.net\/business\/#\/schema\/person\/bde271d5882ffdcb71d1a2a961b51fee"},"breadcrumb":{"@id":"http:\/\/ipsnews.net\/business\/2021\/04\/05\/southern-california-law-firm-beats-irs-in-fbar-case\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["http:\/\/ipsnews.net\/business\/2021\/04\/05\/southern-california-law-firm-beats-irs-in-fbar-case\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"http:\/\/ipsnews.net\/business\/2021\/04\/05\/southern-california-law-firm-beats-irs-in-fbar-case\/#primaryimage","url":"https:\/\/icrowdnewswire.com\/wp-content\/uploads\/2021\/04\/2208-lavar-taylor-law-new-logo-legal-wire.jpg","contentUrl":"https:\/\/icrowdnewswire.com\/wp-content\/uploads\/2021\/04\/2208-lavar-taylor-law-new-logo-legal-wire.jpg"},{"@type":"BreadcrumbList","@id":"http:\/\/ipsnews.net\/business\/2021\/04\/05\/southern-california-law-firm-beats-irs-in-fbar-case\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ipsnews.net\/business\/"},{"@type":"ListItem","position":2,"name":"Southern California Law Firm Beats IRS in FBAR Case"}]},{"@type":"WebSite","@id":"https:\/\/ipsnews.net\/business\/#website","url":"https:\/\/ipsnews.net\/business\/","name":"Business","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ipsnews.net\/business\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/ipsnews.net\/business\/#\/schema\/person\/bde271d5882ffdcb71d1a2a961b51fee","name":"iCrowdNewswire","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ipsnews.net\/business\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/aa079ec4d87ad6117c9db7a1a2cde1607ee2f869010252c2d0af346f0047b325?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/aa079ec4d87ad6117c9db7a1a2cde1607ee2f869010252c2d0af346f0047b325?s=96&d=mm&r=g","caption":"iCrowdNewswire"},"sameAs":["https:\/\/heymuse.com\/ips"],"url":"https:\/\/ipsnews.net\/business\/author\/icrowdnewswire\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ipsnews.net\/business\/wp-json\/wp\/v2\/posts\/110630","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ipsnews.net\/business\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ipsnews.net\/business\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ipsnews.net\/business\/wp-json\/wp\/v2\/users\/291"}],"replies":[{"embeddable":true,"href":"https:\/\/ipsnews.net\/business\/wp-json\/wp\/v2\/comments?post=110630"}],"version-history":[{"count":1,"href":"https:\/\/ipsnews.net\/business\/wp-json\/wp\/v2\/posts\/110630\/revisions"}],"predecessor-version":[{"id":110631,"href":"https:\/\/ipsnews.net\/business\/wp-json\/wp\/v2\/posts\/110630\/revisions\/110631"}],"wp:attachment":[{"href":"https:\/\/ipsnews.net\/business\/wp-json\/wp\/v2\/media?parent=110630"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ipsnews.net\/business\/wp-json\/wp\/v2\/categories?post=110630"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ipsnews.net\/business\/wp-json\/wp\/v2\/tags?post=110630"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}