Earlier this year, the New York Division of Tax Appeals issued a
decision holding the vice president of a telecommunications and
marketing company liable for the business’ $47,000 in unpaid sales
tax. In making the determination, the administrative law judge relied on
the fact that the individual in question owned 20% of the company,
devoted 100% of his time to the business and signed financial documents
for the business.
This article discusses how a state can hold an individual responsible for an entity’s tax liability and who needs to be aware of this exposure.Continue reading “It’s Back in the News, But It Never Really Went Away”