Govt Says That Saha Owes $230K In FBAR Penalties And Interests

2022-06-02 08:22:03

A Missouri Federal Court has been told by the U.S. Government that Sankar Saha owes over $230,000 to the Internal Revenue Service in penalties and interest accrued on several foreign bank accounts he neglected to disclose.
From 2008 up until 2014, Sankar Saha neglected to report the interests of several of his India bank accounts to the IRS, this deed makes him liable for $230,027 in penalties and interest to the Report of Foreign Bank and Financial Accounts, according to the complaint filed on Wednesday. According to the complaint, Sankar Saha filed FBAR forms for the duration of the years in question, but not until 2016.


The case is U.S. v. Sankar K. Saha, case number 4:21-cv-00580, in the U.S. District Court for the Eastern District of Missouri.

Erwin Mattegon