Tuesday, February 18, 2014

Nakano v. United States (9th Cir. - Feb. 18, 2014)

Think it'd be fun -- or at least remunerative -- to become the CFO of a big company?  Maybe.  Though maybe you'll get personally whacked with a $11+ million tax bill once the company files for bankruptcy and isn't able to pay the IRS.

Ouch.

Lesson for the day:  If you have anything whatsoever to do with a company, make sure you pay the IRS.  Because it can be ruthless.