The civil penalties for failure to file range up to $100,000 or 50% of the amount in the account at the time of the violation. Civil penalties of up to $10,000 for failure to report accounts are also possible even if the violation was not willful.
The civil penalties for failure to file range up to $100,000 or 50% of the amount in the account at the time of the violation. Civil penalties of up to $10,000 for failure to report accounts are also possible even if the violation was not willful.
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