"Our report shows that the construction in the settlements never stopped and this is not a settlement freeze,".
VOA: standard.2009.08.23
Utah's state legislature went so far as to pass a law that would impose stiff penalties on brokers that didn't promptly report trade settlement failures to the state's securities division.
McGowen, who lacked knowledge and experience in tax law, reasonably believed that a portion of her settlement payment was not taxable and in good faith did not report that portion of the settlement payment on her 2006 return.