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Tax Refunds for Corporations (Not a Typo)
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Business New Haven
2/9/1998
By: BNH
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Before 1995, any corporation which had an unexpected increase in earnings toward year end and, as a result, underpaid estimated quarterly tax liability is woefully aware that the state Department of Revenue Services (DRS), without fail, assessed interest at a rate of 15 percent per year on the difference. This happened no matter how surprising or unexpected the turn of events that resulted in the year-end increase. In deciding that the law in question required only a rational estimate instead of the exact figure demanded by the DRS, the state supreme court opened the door to potentially millions of dollars in refunds for affected taxpayers. Beat the rush and call your tax accountant or attorney now.
Should Have Settled
Despite settlement discussions in the $15,000-$25,000 range, Home Depot insisted on a trial - which resulted in a jury verdict against them to the tune of $100,400. In the case of Sandra O'Connor v. Home Depot, O'Connor (no relation to the U.S. Supreme Court Justice of the same name) claimed that the company was negligent in failing to safeguard bundles of insulation weighing between 40 and 80 pounds, one of which fell on her shoulders and the back of her head, resulting in continuous muscle spasms and a ten percent disability to her neck. The Waterbury jury was out for only one hour.
And in the 'Claiming the Mercy Due an Orphan After Killing Both Parents' Dept.
The U.S. Court of Appeals for the Second Circuit recently decided that an employer can't claim inability to re-hire a worker as ordered by the NLRB because the individual is an undocumented alien - especially where, as in the following case, such person's immigration status was known to the employer when hired and fired. In National Labor Relations Board v. A.P.R.A. Fuel Oil Buyers Group, the court found that the firing of two such workers was in retaliation for union activities and the defendant employer was required to provide back pay and reinstatement to them. In order to accommodate the potential conflict between the National Labor Relations Act and the Immigration Reform & Control Act of 1986 (IRCA), however, the court gave the employees a reasonable time to comply with the IRCA. It then ordered the time frame for the back pay and reinstatement remedies imposed on the employer to run only from the time of the illegal retaliatory firing to that “reasonable time” date.
LAW CALENDAR
The New Haven County Bar Association hosts a series entitled Wills, Estates & Probate for Paralegals on consecutive Tuesdays. 1 p.m.-2 p.m. beginning February 10 at the NHCBA offices at 70 Audubon St., New Haven. $15-$20; discount for full series. Call 203-562-9652.
Quinnipiac College School of Law presents a discussion on free speech entitled Can the Public Welfare Limit Free Speech?, led by professor/author David M. Rabban. Noon February 19 at Quinnipiac College School of Law Faculty Commons, 275 Mount Carmel Ave., Hamden. Free. Call 203-287-5359.
The Connecticut Trial Lawyers Association (CTLA) presents Uninsured/Underinsured Motorist Cases, eligible for four credits of continuing legal education (CLE) requirements. 9 a.m.-1 p.m. February 28 at Quinnipiac College School of Law, 275 Mount Carmel Ave., Hamden. $95 - $135. Call 860-522-4345.
The CTLA presents a program on Criminal Litigation, eligible for 6.5 CLE credits. 9 a.m.-5 p.m. March 7 at the Holiday Inn, 201 Washington Ave., North Haven. $175-$235. Call 860-522-4345.
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