Interest from state and municipal obligations

From the 2024 DOR Tax Exemption Study

Det. No. 14-0238, 34 WTD 346 (August 31, 2015) 346 Cite as Det. No. 14-0238, 34 WTD 346 (2015) BEFORE THE APPEALS DIVISION DEPARTMENT OF REVENUE STATE OF WASHINGTON In the Matter of the Petition for Correction of ) D E T E R M I N A T I O N Assessment of ) ) No. 14-0238 ) . . . ) Registration No. . . . ) [1] RULE 217; RCW 82.32.145: RETAIL SALES TAX – TRUST FUND ACCOUNTABILITY ASSESSMENT – RESPONSIBLE INDIVIDUAL. The highest senior manager who is responsible for overseeing the financial activity of the entire company is liable for trust fund taxes due for the duration of the time the individual held that post, regardless of whether the individual was aware of the unpaid trust fund tax liability. Headnotes are provided as a convenience for the reader and are not in any way a part of the decision or in any way to be used in construing or interpreting this Determination. Weaver, A.L.J. – Taxpayer, the controller of a defunct corporation, appeals a trust fund accountability assessment (TFAA). Because we find that the Taxpayer held himself out to be and was acting in the capacity of a chief financial officer at the time a portion of the trust fund liability accrued, the assessment is su