An 86-year-old former professor told a California federal court that he raised his Eighth Amendment rights against excessive fines when defending himself against a $545,000 penalty for failing to report foreign bank accounts, disputing arguments by the U.S. government that he had waived those rights.
Retired Professor Says He Didn’t Waive Rights In FBAR Fight
by usoftax_admin | Dec 4, 2024 | Tax News