02/26/2025
Our firm’s founder and managing attorney of Royal Law Firm, PLLC, Priya Prakash Royal, Esq., LL.M., MBA, AEP, TEP was recently featured in WealthManagement, where she delves into a high-stakes legal case involving an estate that successfully avoided an $18 million penalty. The estate in question failed to file Foreign Bank and Financial Accounts (FBAR) reports for three years, raising critical questions about international tax compliance. Priya highlights the complexities of navigating offshore assets and stresses the importance of understanding the risks and consequences of noncompliance particularly for individuals with significant global wealth.