A Florida man who owned 50% of the stock of a “lobster broker business” is on the hook for a federal income tax deficiency related to nearly $193,000 in dividends from the business, the U.S. Tax Court said Thursday, but the man isn’t liable for an accuracy-related penalty.
‘Lobster Broker’ Biz Owner Liable For Dividends Deficiency
by usoftax_admin | May 9, 2024 | Tax News