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- Title
IS FINANCIAL DIFFICULTY REALLY ENOUGH? THE BATTLE OF THE CIRCUITS TO DEFINE REASONABLE CAUSE FOR SMALL BUSINESSES' FAILURE TO PAY TAXES.
- Authors
Insani, Lyndsey
- Abstract
The article discusses whether financial difficulty can constitute reasonable cause for small business to avoid paying tax penalties in the U.S. Topics discussed include the importance of taxation, the tax burden of small business owners, and the use of a multi-factor test for determining reasonable cause. Also discussed are the contribution of small businesses in the U.S. economy, the impact of recession on small businesses, and relevant codes and regulations for failing to pay taxes.
- Subjects
UNITED States; TAXATION of small businesses; TAX penalties; SMALL business finance; TAX incidence; RECESSIONS
- Publication
Valparaiso University Law Review, 2019, Vol 53, Issue 2, p385
- ISSN
0042-2363
- Publication type
Article