The typical case, if the Govt accountants think there is an issue, they contact the person, or his accountants, they debate over why or why something should or shouldn't be a deduction...it's arbitration and the case is settled and paid.
Because this isn’t a case of a mistake. What Weisselberg was doing isn’t some grey area. It’s clear and intentional tax fraud.
That is criminal. It should be otherwise you’re basically legalizing it.
i didn’t say it was, it wasn’t...the fact you conclude it wasn’t already highlights your bias
how can you even say it’s clear, when you have yet to see one piece of evidence!?!
Regardless, it could be a mistake...often is, snd is handled in the manner i highlighted
This wasn’t handled that way, and in inprecedented fashion because it’s a political witch-hunt
Based on the indictment, it’s going to be pretty hard to say it was an accident.
I mean, how exactly does one claim their wife’s car was a legitimate business expense? How does one claim their grandkids’ tuition was required for their job?
You can’t and an accountant and CFO at a large company would know this.
an indictment isn’t evidence...it’s an accusation
this case isn’t one of deducting a business expense, it’s one is claiming the value, because the car was provided by the company. as income.
accountants miss it all the time, people don’t claim it all the time...the knicks tickets, the company car etc...it’s never been prosecuted...and typically settled in arbitration. that’s what makes this case unprecedented.
The argument is, on the defense anyway, is this wasn’t compensation for work, and therefore not income that was or is reportable. I don’t disagree, that some likely is...but the feds aren’t even pursuing it...the indictment alleged the value to NY snd NYC is less then half a million over 15 years....just udderly small
let’s look at someone else. say Al Sharpton...how much is he alleged to have improperly claimed? millions and he still hasn’t paid...when’s he gonna be prosecuted?
