Canadian Citizen to be sued with $1.1M lawsuit over bank form by U.S Justice Department

The U.S. Justice Department is suing a Canadian resident,Jeffrey Pomerantz, for the equivalent of $1.1 million Cdn, saying he failed to file a form to the U.S. government listing his bank accounts outside the United States.

Jeffrey Pomerantz, a Vancouver resident has dual Canadian-U.S citizenship. He filed his income tax returns to the IRS and the CRA during the three years in question but didn’t file a second form called the Report of Foreign Bank and Financial Accounts (FBAR).