MATTER OF REEVES v. TAX APPEALS TRIBUNAL OF THE STATE OF NEW YORK


34 A.D.3d 1024 (2006)

825 N.Y.S.2d 153

In the Matter of THOMAS REEVES, Petitioner, v. TAX APPEALS TRIBUNAL OF THE STATE OF NEW YORK et al., Respondents.

Appellate Division of the Supreme Court of the State of New York, Third Department.

Decided November 16, 2006.


Crew III, J.

In 1994, petitioner and George Perk were the sole officers and shareholders of American Futures Group Holding Company, Inc. (hereinafter AFGH). Petitioner owned 48% of AFGH and served as its treasurer and secretary. AFGH, in turn, owned 100% of American Futures Group, Inc. (hereinafter AFG), and petitioner served as its president.

During an audit of withholding taxes due from AFG, the Division of Taxation reviewed both AFG's and AFGH's federal...

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