The Supreme Court ruled Tuesday against the IRS, limiting the agency’s ability to collect fines on certain foreign accounts when taxpayers unintentionally make reporting errors.
The decision helped an immigrant who challenged a nearly $3 million fine he was facing after returning to the United States from a stint abroad in his home country.
“Section 5314 does not speak of accounts or their number. The word ‘account’ does not even appear. Instead, the relevant legal duty is the duty to file reports,” Justice Gorsuch wrote. The case was brought by Alexandru Bittner, who immigrated to the United States in 1982 and eventually became a dual citizen. He challenged his roughly $2.7 million IRS fine.
Upon returning to the U.S., Mr. Bittner hired an accountant to correct his tax filings. He stressed that his failure to disclose foreign accounts for years was not willful.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
These Supreme Court Cases Could End Affirmative Action at CollegesHere’s what that would look like:
Read more »
Supreme Court student loan case: The arguments explainedThe Supreme Court is about to hear arguments over President Joe Biden’s student debt relief plan
Read more »
Supreme Court student loan case: The arguments explainedThe Supreme Court is preparing to hear arguments over President Joe Biden’s student debt relief plan. We're answering the biggest questions about the case, including how it wound up at the Supreme Court.
Read more »
How Joe Deters ended up on the Ohio Supreme Court without any judicial experienceIs it 'Republican backscratching' or does it bring 'diversity' to the role? Why did Gov. Mike DeWine pick a prosecutor with no experience as a judge?
Read more »
Student-Loan Forgiveness Case at Supreme Court Hinges on ‘Harm’A legal challenge to President Biden’s student-debt cancellation plan can’t be considered until the Supreme Court decides whether plaintiffs have standing
Read more »
Supreme Court student loan case: what you need to knowIt's a plan that impacts millions of borrowers who could see their loans wiped away or reduced. It's unclear how the court will respond.
Read more »