Tuesday, October 2, 2018
Court Grants Default Judgment on FBAR Nonwillful Penalty (10/2/18)
In United States v. Marstellar, 2018 U.S. Dist. LEXIS 164706 (W.D. Va. 2018), here, the Court granted default judgment against Marstellar for FBAR nonwillful penalties. Marsteller failed to appear and respond. Accordingly, the Court granted default judgment on the Government's complaint and a submission by the IRS FBAR Penalty Coordinator. The penalty amount was $40,000 ($10,000 per year for four years). The judgment amount was $44,295.89. including accrued interest and late-payment penalties.
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