"Sept. 5, 2025, 6:58PM UTC A fuel pump at a gas station. Photographer: Andre Borges/Bloomberg The purchaser of a Sunoco gas station near Coney Island is responsible for $76,000 in outstanding New York sales tax the seller failed to remit, a state tax tribunal ruled in an opinion released Friday. Nacmias & Sons Auto Service LLC bought the gas station, along with the Sunoco lease and franchise agreement, in a 2008 bulk sale."
"But it failed to notify the state tax department of the sale in time to avoid taking on the former owner's sales tax liabilities for 2006-2009, the New York Tax Appeals Tribunal ruled. Nacmias argued it's entitled to a refund of ... From research to software to news, find what you need to stay ahead. Log in to keep reading or access research tools. 2025 Bloomberg Industry Group, Inc."
Nacmias & Sons Auto Service LLC purchased a Sunoco gas station near Coney Island in a 2008 bulk sale that included the Sunoco lease and franchise agreement. The New York Tax Appeals Tribunal ruled the purchaser is responsible for $76,000 in outstanding New York sales tax that the seller failed to remit. The purchaser failed to notify the state tax department of the sale in time to avoid assuming the former owner's sales tax liabilities for 2006–2009. The tribunal released its opinion on Friday. Nacmias argued it was entitled to a refund, but the ruling assigned liability to the buyer.
Read at news.bloombergtax.com
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