Florida Man Owes IRS 150% Penalty on Swiss Account

A federal jury found an 87-year-old Florida man owes the U.S. government civil penalties amounting to 150 percent of the value of his Swiss bank account, the biggest such penalty by percentage on record, his lawyers said.

http://www.bloomberg.com/news/2014-05-28/florida-man-87-owes-150-of-swiss-account-jury-says.html

 

Gregory J. Cook, EA, CPA

Gregory J. Cook, EA, CPA

News and announcements from Cook & Co. Tax Advisors at 124 South Main Street in Arab, Alabama.
Gregory J. Cook, EA, CPA