Look, we get it. Everyone wants a piece of Wasendorf. But this is getting a little bit ridiculous now. Reuters reports:
Russell Wasendorf Sr., who founded the now-defunct firm, and his ex wife, Connie, received a notice from the state in November saying they owed $14.1 million in back taxes and penalties, according to documents filed in federal court in Chicago by the receiver charged with liquidating Wasendorf Sr.’s assets.
The couple allegedly under-reported their income from 2001 to 2009, when they lived in Cedar Falls, Iowa.
The unpaid tax bill came to light after the receiver filed a motion on Thursday asking the federal court to suspend a deadline for Wasendorf Sr. to respond to the state’s notice. A 60-day window for appealing the notice is set to close on Monday. […]
Iowa tax officials have said the Wasendorfs “should have reported about $8.3 million per year more in income” from 2001 to 2009, said Randall Lending, an attorney for the receiver, in an interview. He did not know why the state tax notice did not appear to reflect all of the allegedly unpaid taxes.
Really Iowa? Do we also make bank robbers pay income tax on the money they’ve stolen? Have to love the taxman. He wants his, even when theirs isn’t theirs.
