The Coronavirus Aid, Relief, and Economic Securities (CARES) Act permitted Congress to create the Paycheck Protection Program (PPP). This federal program then allowed the government to send out billions of dollars of funds to qualifying entities. Congress was very...
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Month: January 2022
How do recent court holdings impact non-willful FBAR violations?
Courts throughout the country have provided holdings that further complicate the issue of how courts will address penalties for non-willful FBAR violations. Opposite opinions highlight need for clarity The Ninth Circuit recently held in United States v. Boyle that the...
Tax crimes & prison time: Case an example of potential penalties
Tax crimes may seem relatively minor in the grand scheme of things. After all, those who fail to pay their tax bill do not actually hurt anyone. It may seem reasonable to expect that a bill to cover missed payments should suffice. However, as a recent case where the...