Bale takes on IRS.
The fines stem from an IRS audit of Bale's compliance with the Form 8300 requirement, which car dealerships are supposed to file when they receive more than $10,000 in cash from a customer, according to Bale's lawsuit, filed in U.S. District Court.
Between 1998 and 2000, Bale sold more than 7,000 new vehicles. The IRS audit showed Bale failed to file Form 8300 forms in four cases. Bale claims it had the forms in two instances but didn't send them to the IRS. In the two other cases, Bale says the forms were sent, but the IRS has no record of receiving them.
Still, the IRS fined Bale $25,000 as an "intentional disregard" penalty for each form not submitted and a $50 late fee for a total of $100,200.
Bale tried to explain the case to the IRS, but the government agency wouldn't listen, the lawsuit said. It also tried to appeal the decision, but Bale didn't have any luck.
Bale wants its money back and an order stating that the company didn't "intentionally disregard" its obligation to file the four Forms 8300.
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|Date:||Feb 4, 2008|
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