Contact the Criminal Tax Defense Team
P: (919) 821-4711


Physical Address:
Wells Fargo Building
150 Fayetteville Street
Suite 1800
Raleigh, NC 27601

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Mailing Address:
P.O. Box 1151
Raleigh, NC 27602

(Wake County)
(919) 821-4711
Fax: (919) 829-1583

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No Criminal Charges or FBAR Penalties for Failure to Disclose Foreign Accounts

A U.S. taxypayer who failed to disclose her foreign financial accounts to the IRS will not face criminal prosecution, and has avoided any FBAR penalties as well.

The taxpayer’s counsel persuaded the IRS that the taxpayer’s failure to disclose the accounts and her failure to pay taxes on the income from the accounts were non-willful, and that the case should be resolved civilly.  No FBAR penalties were imposed.

The taxpayer was represented by Douglas E. Kingsbery of Tharrington Smith, L.L.P. in Raleigh, North Carolina.

Recent IRS Criminal Tax Articles

Recent NC Criminal Tax Articles