Keeping Me Updated: Deep Throat
Not one but TWO packages from “Deep Throat, Dallas” in my mailbox, one , the United States of America’s Motion For Relief From Automatic Stay and Supporting Brief, two, the bankruptcy form filled out by John Nicholas Sheets. Of note: DOJ says this is Nicky’s fourth bankruptcy (of which the US is aware), and “no creditors in any of the Debtor’s three previous bankruptcies were paid through the bankruptcies”. The DOJ must read D Magazine or D Home (thanks guys!): DOJ expects the Sheetses to owe 2007 taxes (deadline was October 15) since he informed them he has not filed this return nor paid any estimated taxes even though “he and his wife recently placed an advertisement in D Magazine claiming that he and Mrs. Sheets “sold over $200 million in property in 2007″. That September 9 lawsuit the Sheets filed against the US: denied by Judge Ed Kinkeade.
But get this: DOJ “seeks relief… to file a lawsuit against Coldwell Banker for wrongful failure to honor levies served on it in connection with the Sheetses’ unpaid income taxes”. Coldwell Banker’s parent company is Realogy Corporation.
Is the IRS looking to make Nicky and Eleanor the “Martha Stewart” of contract labor reform?
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But get this: DOJ “seeks relief… to file a lawsuit against Coldwell Banker for wrongful failure to honor levies served on it in connection with the Sheetses’ unpaid income taxes”. Coldwell Banker’s parent company is Realogy Corporation.
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Well, it’s about time. I’ve silently been wondering why in the heck weren’t levies filed? I work for a real estate firm and I get levies all the time on agents. We MUST comply or else and we always have. I just knew that somehow Coldwell was turning a blind eye to the situation.
texas, there are actually other agents in Dallas who don’t pay their taxes? Imagine that! You said at your real estate firm you “get levies all the time on agents”.
If you were an office administrator I doubt your company would want you posting such information. And if you were an agent I highly doubt you would be privy to such information. Which leads me to believe you are an office manager/owner of a local real estate company.
If my last assumption is true then you, sir or madam, have some cojones.
Didn’t someone post something a while back about Allie Beth getting tangled in a lawsuit with Eleanor?
Surely…it couldn’t be…nah…
The penalties for not complying with an IRS levy notice can be severe. According to the tax code, parties who have the obligation to respond to a levy but fail to do can be held responsible for the taxes, interest, and penalties on the levy. Non-complying parties can also be held responsible for collection costs and an additional penalty up to 50% of the tax due.
The bottom line is that failure to comply with a levy notice could cause the unpaid taxes (and more) to be paid by the company instead.
Hefty price tag in this case.