BEFORE THE UTAH STATE TAX
COMMISSION
_____________________________________
In Re: )
: INFORMAL
DECISION
XXXXX )
: Appeal No.
90-1551
:
: Account
No. XXXXX
_____________________________________
STATEMENT OF CASE
This
matter came before the Utah State Tax Commission pursuant to the Administrative
Procedures Act and the rules of the Utah State Tax Commission for an informal
hearing on XXXXX. Paul F. Iwasaki,
Presiding Officer, heard the matter for and on behalf of the Commission. Present and representing the Petitioner was
XXXXX.
FINDINGS
When
the Petitioner filed its XXXXX corporate income tax return, it underpaid its
liability because of an error on the part of its accountant.
When
figuring out the amount of taxes paid for XXXXX, the accountant did not realize
some of the taxes paid during the XXXXX year were payments for an amount due
for the previous year. That led to an
underpayment of the XXXXX tax by approximately $$$$$.
As
a result of the underpayment of tax, a penalty in the amount of $$$$$ was
assessed.
DECISION AND ORDER
The
Tax Commission finds sufficient cause does not exist to waive the penalty
associated with the XXXXX income tax year.
It is so ordered.
DATED
this 23rd day of November, 1990.