Taxation Cases

THE STRANGE STATE TAX CASE OF THE MISSING SALES TAX

By Eric P. Rothenberg, Esq. – [download PDF] It was the spring of 2001 when Marlborough residents David and Paula [neither their real names nor their real town] decided to buy another boat. They had previously owned a boat and while searching they found a used 1998 Wellcraft from a respected dealer on Long Island, […]

If more than one name is on a Certificate of Deposit, who is responsible for paying the taxes?

When you open a CD account, you sign a Form W-9 which identifies to the bank the Social Security number on the account (or Federal ID if a separate legal entity). That person or entity must report the income. by Eric Rothenberg