The Supreme Court ruled today
that the IRS took too long to get back taxes from Home Concrete & Supply LLC in the company's tax shelter case. Home Concrete & Supply LLC was company formed in order to create the infamous Son of Boss abusive tax shelter scheme. Obviously, they eventually got caught and were slammed with a $1 Billion tax bill.
So, how long is too long? Well, in this case, the Supreme Court ruled that the statute of limitations to collect this hefty (...and might I add U.S. deficit lowering) tax debt clearly brought on by shady activity...was three years. The IRS wanted to extend it to six years...but the Supreme Court was firm on its ruling. Home Concrete & Supply LLC is ecstatic, of course.
Let me just ask this one question. How come the IRS has at least 10 years (which a million different things can extend) to collect on a far smaller tax debt brought on by bad circumstances or ignorance? Why are average Americans relentlessly pursued for at least a decade with liens, levies, and seizures? Why is it okay for the IRS to ruin their lives? Why are big, greedy, shady companies
almost protected from the IRS coming after them? Okay, that wasn't exactly one question. But, you have to be thinking the same thing!
And, I think we all know the answer to these questions. It's not what you know. It's WHO you know. This is why it's so important for you to get help from a reputable tax debt relief company like mine. Unless you've got friends in high places, you're vulnerable to everything the IRS wants to throw at you. So, if you have a large tax debt call 1-888-415-1337
or fill out the submission form
for a free consultation.