The U.S. Justice Department is suing a Canadian resident for the equivalent of $1.1 million Cdn, saying he failed to file a form to the U.S. government listing his bank accounts outside the United States.
Jeffrey Pomerantz, a Vancouver-area resident with dual Canadian-U.S citizenship, filed his income tax returns to the IRS and the CRA during the three years in question but didn’t file a second form called the Report of Foreign Bank and Financial Accounts (FBAR).
“This has been a friggin’ nightmare,” said Pomerantz when reached by CBC News.
In the case filed in the United States District Court in Seattle, the U.S Justice Department is seeking $860,300 US in civil penalties, late payment penalties and interest.
Read full story here: U.S. Government Suing Canadian Resident For $1.1M Over Bank Form – Politics – CBC News
