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Monday, December 28, 2009

Two NYC Partners Suspended for Tax Evasion

John J.P. Howley (former partner, Kaye Scholer) (In re Howley, 2009 N.Y. Slip. Op. 09410 (N.Y. App. Div. 1st Dep't, Dec. 17, 2009)) and Ronald A. Goldman (former partner, Manning Raab Dealy & Sturm) (In re  Goldman, (2009 N.Y. Slip. Op. 09409 (N.Y. App. Div. 1st Dep't, Dec. 17, 2009)) were suspended by the New York Appellate Division for nonpayment of taxes. (Mr. Howley failed to file New York nonresident tax returns for ten years, and federal and New Jersey resident tax returns for nine years.  Mr. Goldman failed to file federal and New York tax returns for seven years.)  From the New York Law Journal:

On the negative side of the ledger, the panel noted that Howley had disregarded his tax obligations while "enjoying a lavish life style." Specifically, the panel cited his purchase of a five-bedroom house in New Jersey and a four-bedroom house in Florida, as well as three luxury automobiles, including a BMW sports utility vehicle. ...

While receiving $300,000 in annual compensation from his firm, the panel wrote, Goldman had invested substantial sums in a restaurant and gambled on horses for more than 10 years.

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Comments

They just forgot.

Once again, from Steve Martin:

You.. can be a millionaire.. and never pay taxes! You can be a millionaire.. and never pay taxes! You say.. "Steve.. how can I be a millionaire.. and never pay taxes?" First.. get a million dollars. Now.. you say, "Steve.. what do I say to the tax man when he comes to my door and says, 'You.. have never paid taxes'?" Two simple words. Two simple words in the English language: "I forgot!" How many times do we let ourselves get into terrible situations because we don't say "I forgot"? Let's say you're on trial for armed robbery. You say to the judge, "I forgot armed robbery was illegal." Let's suppose he says back to you, "You have committed a foul crime. you have stolen hundreds and thousands of dollars from people at random, and you say, 'I forgot'?" Two simple words: Excuuuuuse me!!"

Posted by: Woody | Dec 28, 2009 6:02:38 PM