Megan L. Brackney spoke on the panel "Now That’s Aggressive: Reportable Transaction Penalties" at the Practising Law Institute

The panel discussed the following topics over the course of the presentation:

• Now That’s Aggressive: Reportable Transaction Penalties
    o Reportable transaction understatement
    o Failure to report reportable transaction
    o Material advisor penalties 

• I Had To Report That? Foreign Financial Asset Reporting Penalties
    o Undisclosed foreign financial asset understatement
    o Failure to file information returns
    o Foreign bank account report
    o Procedure