Re:Art's sale value? Zero. The tax bill? $29M
by longerthoughts on Friday July 19, 2019 @03:30PM
(#20481731)
If the IRS decided to seize all of your assets tomorrow without reasonable justification, you would probably win in court. That doesn't mean we should all be indifferent to whether or not they make the attempt. It's great that this went to court and resulted in a reasonable outcome, but how much time, effort and money had to go into reaching a reasonable conclusion?
Just because a safety net exists doesn't mean the IRS should be shoving people into it.
Just because a safety net exists doesn't mean the IRS should be shoving people into it.