If you have a foreign bank account that has not been reported to the IRS, then you could be facing serious civil penalties and even criminal penalties. These penalties fall under the Foreign Bank Account Report, (FBAR) violations. First, it is important to determine if you are required to report your foreign bank account. It […]
CPA Firm - Atlanta Georgia
Sliding Door Injury Results in $21.5M Trial Verdict
A federal jury trial awarded $21.5 million in damages to a Springfield, Illinois man who was injured by an automatic sliding-glass door on a Holland America Line cruise ship dating back to 2011. The personal injury damages awarded by the jury were $5M, which are tax free. The punitive damages were $16.5M which means a […]