Roth & Company, PC Tax Update Blog

Tax Update Blog: Permalink

« Previous · Tax Update Blog Home · Next »

BUT DO THEY OFFER FREE OIL CHANGES?

February 22, 2005

The IRS has a car for sale:

phoenixpic1655.jpg
1967 Ferrari P4. Minimum auction price: $2 million

This 1967 Ferrari was seized from a Florda businessman, Walter Medlin, for nonpayment of federal taxes. Now it can be yours!

But you will probably need more than $2 million. From The Arizona Republic:

"Oh, it's worth much more than that," said Mike Sheehan, a Southern California resident and longtime Ferrari specialist, who valued the car at something closer to $10 million.

Apparently this is one of only three 1967 P4s in the world.

The IRS has decided to auction the vehicle, even though there are times that a pristine V-12 Ferrari with 450 horsepower and a top speed of 210 mph might come in handy for them.

If the Ferrari isn't for you, the IRS auto auction website also has this baby:

malautosideview660.jpg
1994 Ford Econoline, 175,000 miles. Comes with tires.

Thanks to TaxGuru.net for the tip.

      Bookmark: del.icio.usDiggreddit

Email: roth@rothcpa.com  •  Phone: (515) 244-0266
All content © Roth & Company, P.C.  •  Powered by Movable Type  •  Site by Sekimori Design