When accounting goes unaccounted for
…which is never good.
IRS agents searched Vic’s Food and Spirits, which is owned by Vic Center, at about 9 a.m. Tuesday as well as two other properties owned by Center, said an employee.
“We had a visit,” said Warren Oliver, the tavern’s bartender. “They took all of our lists, numbers and papers — everything, with them.”
Young Buck feels your pain, Warren Oliver.
IRS agents search area tavern [Dayton Daily News]
Earlier in the month you may recall the story of hip-hop artist Young Buck being on the wrong side of a IRS raid that involved some of those shiny shotguns.
At that time, we learned that the agents seized several items – recording equipment, jewelry, furniture, his platinum wall plaques – even Mr Buck’s PlayStation (he says it was his son’s but, come on).
Anyway, we now learn that agents also confiscated a $31k Breitling Bentley watch AND a Scarface movie poster with an approximate value of…$10.
We’re not too familiar with IRS protocols, so perhaps when someone’s house is raided, the standard operating procedure is to take literally everything. The furniture. The porno collection. Worthless movie posters that there are literally tens of thousands of copies of. It all goes.
Presumably, the agents could have sold the poster to a kid on the street for a few bucks so they could get coffee but it would still be only enough money for one or two coffees. Or maybe it was enough for one (one!) cover at the local strip joint for the post-raid celebration. Or maybe on of the guys/gals really, really, really wanted that poster. Who knows?
Motivation aside, it certainly serves as another fine example of IRS shrewdness when it comes to collection efforts.
$31,000 watch among items seized from Young Buck’s home [The Tennessean]
You're sitting there minding your business when you see a Washington, DC number ringing your […]
Where’s a Liberian warlord when you actually need one?
NC owes the Treasury around $60k which is really NBD seeing how that’s probably what she spends on antique torture tools to use on her assistants. In a weekend.
Plus, her boyfriend is the so-called “Donald Trump of Moscow,” which could mean a lot of things but it for sure means that dude is rich.
IRS slaps tax lien on model Naomi Campbell [Tax Watchdog]