Ray From Cleveland
Diamond Member
- Aug 16, 2015
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"A man only hears what he wants to hear and disregards the rest."
Simon and Garfunkel--The Boxer.
I did answer it. Making a mistake on your taxes is not breaking the law.
Sure is, it is breaking tax laws. Try making a $14,000,000 mistake on your taxes sometime and see how it plays out. And you cannot tell me he didn't knowingly break the law, you don't forget to claim that kind of money, you do it willingly. And how did his tax lawyers and accountants not catch this, him perhaps because he had it from them! After all he was a.used car salesman, and in fact still is, lol!
Justice Paul Pfeifer wrote in his opinion that Renacci and his wife Tina had “reasonable cause” to believe they didn’t owe taxes on profits derived from an “S Corporation” trust that the state later determined was subject to taxation.
Consequently, Pfeiffer ruled tax commissioner Joseph Testa abused his discretion by imposing a penalty on Renacci, an accountant, for not paying taxes he did not realize were due.
Pfeifer’s ruling stated a switch in rules on S corporations didn’t make the Renaccis’ use of its earlier stance “unreasonable.”
Renacci wins tax case in Ohio Supreme Court
There. Now maybe you should discuss your point with the judge.
But Ray you still have not answered the original question!
Jimuh better hire better tax lawyers and accountants, or give them all the information!
There was no information to give. It seems according to the judge that the regulations regarding S-Corps changed and Renacci didn't know it. Furthermore he ruled that the tax commissioner was out of hand when he fined them. Again, it was a simple mistake and not a crime.
Ignorance of the law does not mean you did not break the law!
If a law was broken he would have been charged for it. But there were no laws broken and you can't charge somebody with a crime when there is no crime. If that were the case, over one-third of our country would be locked up behind bars for tax errors.
As far as Brown trying to use it as a campaign issue, I'm with you. You're preaching to the choir. I'll stand side by side with you if he does. You make the popcorn and I'll pay for the signs. GO SHER-ROD GO! GO SHER-ROD GO!