Taxpayer Must Pay $3 Million Tax Bill on Foreign Account, US Says

The Justice Department called on the Supreme Court to throw out a taxpayer’s challenge to a $3 million tax bill over failing to report a Swiss bank account.

The Monday filing from the government pushed back against the challenge from Monica Toth, who called on the high court in August to review her loss in the US Court of Appeals for the First Circuit. The government argued that the appeals court correctly determined Toth’s “willful failure” to file a Foreign Bank and Financial Accounts form for her 2007 tax year on a Swiss bank account she maintained for over a ...