From the Tax Law Offices of David W. Klasing - Supreme Court Declines to Decide if FBAR Penalties Violate the 8th Amendment Prohibition on Excessive Fines
The District Court found that the penalty was not excessive, even if analyzed as a fine under the 8th Amendment.
- The District Court found that the penalty was not excessive, even if analyzed as a fine under the 8th Amendment.
- Furthermore, upon review, the Supreme Court declined to decide whether FBAR penalties are subject to protections set forth by the excessive-fines clause.
- Our team at the Tax Law Offices of David W. Klasing is prepared to help.
- The U.S. Supreme Court has declined to answer whether FBAR penalties are subject to 8th Amendment protections against excessive fines.