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Sales Tax: With “Power” Comes Responsibility (with apologies to Uncle Ben)

By Farrell Fritz P.C. on August 15, 2016
Posted in State Tax Issues

The Responsible Person

Many taxpayers fail to appreciate that a member of a partnership or LLC may be held personally liable for the sales tax collected or required to be collected by the entity.

New York State Tax Law (the “Tax Law”) imposes personal responsibility for payment of sales tax on certain owners, officers, directors,…

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