“This reminds me of the treatment of Ms. Curran – an elderly widow – in Florida. You may remember her as the woman who paid – and may well have been coerced into a 21 million dollar FBAR penalty based on accounts she inherited from her late husband – I repeat accounts owned by her late husband. One blogger referred to this as a ‘Penalty Jackpot for the IRS’. Yup, definitely a good return for a small amount of work. The facts in the Curran case are here. But, for those of you who think IRS Penalty Abuse is restricted to rich Homelanders you should take the time to read this submission to the Ways and Means Committee from this disabled 68 year old British born woman.”
http://isaacbrocksociety.ca/2013/09/26/the-fbar-fundraiser-and-the-penalty-jackpot/
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