Only 12% of those surveyed said businesses should not be held liable for breaches, while 68% said regulators should hold businesses liable because they have a corporate responsibility to make reasonable efforts
to secure customer data, and another 21% said holding businesses responsible will force them to improve their security.
The federal government tied Federal Title IV-E reimbursement to the states through those reasonable efforts
Commissioner Brad Lemhouse took issue with the "reasonable efforts
" wording, saying one person's reasonable efforts
may not be reasonable to another.
It has to be proven that the landlord did not make reasonable efforts
to address the situation.
The amount of adjustments pertaining to transactions (including "qualifying cost contribution arrangements," in which a diligence standard for documentation is directly included) in respect of which a taxpayer "made reasonable efforts
to determine arm's length transfer prices or arm's length allocations";(40) and
Reasonable cause can exist only when "(1) the taxpayer has made reasonable efforts
to protect the trust funds, but (2) those efforts have been frustrated by circumstances outside the taxpayer's control.
Allow the IRS to withdraw a public notice of tax lien before the tax liability is paid in full and require the IRS to make reasonable efforts
to notify major credit agencies and financial institutions if it files erroneous liens.
When we exhaust all reasonable efforts
, then we are left with little choice but to send our children off to war.
Gutterman testified that he took reasonable efforts
to inspect the Lakeview House himself prior to signing the purchase agreement.
The proposed amendments would also impose documentation requirements and stiff penalties for taxpayers that failed to make reasonable efforts
to document their transfer pricing practices.
Moreover, if the taxpayer makes reasonable efforts
to determine each year whether the critical assumptions have changed, it should be permitted to rely upon that study in future years to avoid imposition of the penalty.