Mrs. Fairbank was assessed fees and penalties for failure to report certain foreign assets. The foreign assets were bank accounts that reflected her as the beneficial owner. One was a UBS account in Switzerland and another, funded from the UBS account, was a NPB account in Dubai, UAE. Mrs. … Read More about Case Update (23 Feb 2023) : Fairbank v. IRS; failure to report foreign trust where child support was deposited will create problems