FDX: Your IRS tax dollars hard at work
01-10-2008 | 04:04 AM
#1
Thread Starter
Gets Weekends Off
Joined: Nov 2006
Posts: 115
Likes: 0
From: A300 Capt.
FDX: Your IRS tax dollars hard at work
Hey, no need to reduce BLG, just don't pay your taxes! http://www.commercialappeal.com/news...ts-belongings/
01-10-2008 | 04:52 AM
#5
Gets Weekends Off
Joined: Jul 2006
Posts: 257
Likes: 0
From: A300 Captain
Vernie
IRS will sell pilot's belongings
The Commercial Appeal
Thursday, January 10, 2008
More than three years ago, FedEx pilot Vernice Kuglin agreed to pay the Internal Revenue Service $532,000 in back taxes and penalties on six years of income.
Today the IRS will sell off some of Kuglin's possessions to try to raise some -- but not much -- of that money.
The auction will start at 10 a.m. at the Clarion Hotel Airport, 1471 East Brooks.
Among the items up for bid: a 1994 Toyota Land Cruiser, silver certificates, silver coins, copper Liberty dollars, silver medallions, bills and coins from throughout the world and 90 shares of stock in Southwest Airlines Co.
Minimum bid for the SUV is $3,360; for everything, it is $5,738.25, according to a notice of the sale on the IRS Web site.
Doesn't pay to F w/ Uncle.
The Commercial Appeal
Thursday, January 10, 2008
More than three years ago, FedEx pilot Vernice Kuglin agreed to pay the Internal Revenue Service $532,000 in back taxes and penalties on six years of income.
Today the IRS will sell off some of Kuglin's possessions to try to raise some -- but not much -- of that money.
The auction will start at 10 a.m. at the Clarion Hotel Airport, 1471 East Brooks.
Among the items up for bid: a 1994 Toyota Land Cruiser, silver certificates, silver coins, copper Liberty dollars, silver medallions, bills and coins from throughout the world and 90 shares of stock in Southwest Airlines Co.
Minimum bid for the SUV is $3,360; for everything, it is $5,738.25, according to a notice of the sale on the IRS Web site.
Doesn't pay to F w/ Uncle.
01-10-2008 | 05:08 AM
#6
Gets Weekends Off
Joined: Apr 2006
Posts: 4,304
Likes: 0
From: MD-11 Captain
01-10-2008 | 09:26 AM
#8
Line Holder
Joined: Sep 2006
Posts: 1,369
Likes: 7
The right thing to do
Since this event was unforseeable, and isn't fair just because some of her financial decisions and lifestyle proved shortsighted.....we should let her come back to the left seat to mitigate some of her financial loss.
I flew with her....otherwise a very nice person.
I flew with her....otherwise a very nice person.
01-10-2008 | 09:33 AM
#9
Gets Weekends Off
Joined: Sep 2007
Posts: 479
Likes: 0
From: A300CAP
Since this event was unforseeable, and isn't fair just because some of her financial decisions and lifestyle proved shortsighted.....we should let her come back to the left seat to mitigate some of her financial loss.
I flew with her....otherwise a very nice person.
I flew with her....otherwise a very nice person.
Sorry, I just couldn't resist. I guess the logic works both ways...
01-10-2008 | 09:33 AM
#10
Gets Weekends Off
Joined: Nov 2005
Posts: 2,424
Likes: 0
From: 757 Capt
she didn't have to go to jail,
but, still had to pay her taxes, and penalties.....following is a clipping of the final outcome.
"The Tax Court decision said Kuglin and the IRS agreed on the assessments.
They included more than $296,000 in unpaid taxes, more than $221,000 in
penalties for fraudulently failing to file income tax returns and more than
$14,000 for failure to pay estimated income tax, the court documents showed."
http://www.themoneyforum.com/archive...t-1972720.html
but, still had to pay her taxes, and penalties.....following is a clipping of the final outcome.
"The Tax Court decision said Kuglin and the IRS agreed on the assessments.
They included more than $296,000 in unpaid taxes, more than $221,000 in
penalties for fraudulently failing to file income tax returns and more than
$14,000 for failure to pay estimated income tax, the court documents showed."
http://www.themoneyforum.com/archive...t-1972720.html
Thread
Thread Starter
Forum
Replies
Last Post
