Month: October 2016
Failure to Maintain Business Records Can Lead to Prosecution
By Sanford Millar of MillarLaw A Professional Corporation On Monday, October 17, 2016
A recent appellate court case out of New York (U.S. vs. Marinello) affirmed the conviction for tax evasion of a taxpayer for failing to maintain business records and timely file income tax returns. The facts of the case are as follows: “In 1990, Marinello incorporated Express Courier Group/Buffalo, Inc. (“Express Courier”), a New York corporation.Express … Continue reading Failure to Maintain Business Records Can Lead to Prosecution
Reasonable Cause: When can you rely on a tax professional to avoid penalties ?
By Sanford Millar of MillarLaw A Professional Corporation On Sunday, October 2, 2016
When can a taxpayer rely on the advice of a tax professional is fundamental to establishing “reasonable cause” for failure to timely file tax returns. The U.S. Supreme Court stated the standard for what constitutes reasonable reliance on a tax professional and what is a non-delegable duty in United States v. Boyle. In Boyle the … Continue reading Reasonable Cause: When can you rely on a tax professional to avoid penalties ?
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