This session will present a review of new cases and rulings beginning with a “double malpractice” allegation where the physician’s purported error was compounded by the plaintiff’s lawyer retiring while the case got neglected. Next, we will also discuss whether the FBAR penalty for non-willful failure to file is $10,000 per year or $10,000 per account per year—a $440,000 difference for the individual! Finally, the presenter will look at the case of Mr. Tamulis, who testified he was “hoodwinked” into paying taxes before educating himself and learning that payment was voluntary.

Learning Objectives:

• List the latest regulations, rulings, and pronouncements from the IRS


• Identify and summarize the most recent decisions out of the Tax Court and federal district courts around the country