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Article Date:
July 2006

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Woe to the Taxpayer with Bad Records

Karen Hough ran a nursing home business in Largo, Florida. The IRS audited her tax returns and found taxes owing of $19,153 in 1999 and $81,696 in 2000. Hough took her case to court, where the judge rendered a decision on March 28, 2006.


For the most part, Hough lost her deductions in a typical manner: she did not keep records. In fact, on the basis of this case, it appears likely that Hough had spent no time learning what she ... Log in to view full article.

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