<p>Oregon Tax Court Denies Taxpayer's Business Deductions and Upholds Underpayment Penalties</p>

Oregon Tax Court Denies Taxpayer's Business Deductions and Upholds Underpayment Penalties

Oregon Tax Court

The Oregon Tax Court held a business owner failed to prove by a preponderance of the evidence that he was entitled to Schedule C business expenses or deductions beyond what was agreed upon in an earlier settlement and upheld substantial underpayment penalties against the taxpayer.

<p>The Oregon Tax Court held a business owner failed to prove by a preponderance of the evidence that he was entitled to Schedule C business expenses or deductions beyond what was agreed upon in an earlier settlement and upheld substantial underpayment penalties against the taxpayer.</p>