The Court will likely address a split between the Fifth and Ninth circuit courts on whether the maximum civil penalty per non-willful violation of the requirement to file an FBAR is applied per unreported foreign account per year. Read More about U.S. Supreme Court to Hear FBAR Dispute

The U.S. Senate Finance Committee unanimously approved a series of proposals that make full congressional passage of a retirement-improvement package more likely this year. Read More about Retirement Package Bill Moves Forward