1. All NM Taxes
  2. Tax Decisions & Orders
  3. Fluorescent Technology International, Inc.

Fluorescent Technology International, Inc.

07/21/1998

98-40

Taxpayer was assessed penalty and interest for failure to file and pay New Mexico CRS taxes. Taxpayer claimed that it should not be held liable for the negligence penalty since it was a specific corporate officer in charge of the financial affairs who failed to file and pay the taxes. A corporation is liable for penalties arising out of the acts of a corporate officer. Protest denied.