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Are FBAR Penalties Taxes for Purposes of the Flora Rule?

In Norman, the Federal Circuit held that a presently outdated Treasury Regulation did not cap FBAR penalties for stubborn offenses at $100,000. Guideline 7(b)( 1) Mot. Mr. Mendu bears in mind that, because of the reality that this Court does not have independent area over the Defendant’s counterclaim for $752,920, this Court needs to ignore the Defendant’s counterclaim.

Law 7(b)( 1) Mot. Mr. Mendu maintains in mind that, due to the reality that this Court does not have independent region over the Defendant’s counterclaim for $752,920, this Court ought to neglect the Defendant’s counterclaim.

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