![]() ![]() When reached for comment Friday, Volinsky said he hasn’t read the report yet but will provide a response once he has. We thank the IRS and DOJ for their efforts.” “As we said from day-one, NHLC followed its statutory obligation to maximize revenue for the taxpayers of New Hampshire, which we have done for over 85 years, generating more than $4 billion for the State and providing an unrivaled experience for tens of millions of customers from across North America. “This IRS ruling and DOJ report provide a long-anticipated and definitive end to an attempt to smear the reputation of one of the nation’s leading retailers and most successful beverage alcohol control states,” said NHLC Chairman Joseph Mollica. Such transactions, she said, are entirely lawful. The IRS ruling also said that neither state nor federal laws impose any limit on the amount of cash that can be spent at the liquor stores, or require reporting of LVCS above $10,000. Perlow that the state didn’t have to report those sales because “governmental units” are exempt from reporting requirements. 18, 2020 letter to Senior Assistant Attorney Geenral Jill A. Pamela Wilson Fuller, IRS Senior Technician Reviewer Procedure & Administration, said in a Nov. ![]() Volinsky voiced concern that the man and woman had structured their transaction to avoid the $10,000 reporting requirement. They then used the cash to each make purchases just under the $10,000 threshold, with the remainder of the transaction – about $5,600 – charged to the man’s credit card. ![]() Volinsky said he saw the man remove a “a very large wad of cash from his pocket and give approximately half of it to Anna.” The woman and a man arrived at the store a little later that day to pick up the order. In his letter, Volinsky said a woman named Anna called the Keene store and asked the staff to pull together an order for her totaling more than $24,000, the majority of which was Hennessy cognac. The sale also was observed by Richard Gulla, the State Employees’ Association President. 3, 2018 at the State Liquor and Wine Outlet in Keene. He wrote a letter to the Governor and then Attorney General Gordon MacDonald concerning a $24,000 sale he witnessed on Feb. Formella on Friday released a letter from the IRS concerning that ruling along with his report regarding large volume cash sales (LVCS) by the SLC, an investigation which was triggered in February 2019 by then Executive Councilor Andru Volinsky. Courtesy PhotĬONCORD, NH – The State Liquor Commission (SLC) and its employees are not required to report large cash sales of more than $10,000 to the IRS because “governmental units” are exempt under federal law.Īttorney General John M. NH Liquor store employees to get pay raise. ![]()
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