On 5 January 2026 Tax Notes published an article by SEAT co-founders Laura Snyder, John Richardson, and Karen Alpert.
The article is entitled “FBAR Penalty: Appropriating Retirement Savings of the Elderly?”
The article can be accessed outside a paywall via this link.
In the article, the authors: (1) describe the U.S. government’s recent action asserting foreign bank account report penalties against a senior couple residing in New Zealand, and (2) explain why the action is an unconscionable attempt to appropriate the retirement savings of the elderly.
Read the article here.
