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TROUBLE BREWING IN TERRYVILLE

January 20, 2006

Somebody in Terryville, Connecticut may be in for a bad day soon. From the IRS auction website:

The Internal Revenue Service may be conducting a public auction in the Terryville, Connecticut area in the very near future. The Items consist of approximately 8,671 pieces of Rain Suits, Rain Coats, Rain Jackets, Rain Pants, Parkas, Ponchos, Umbrellas, Boots, Rain Hats, Thermal Underwear, Socks, Retail value of merchandise is approximately $158,000.00 This sale will be conducted under IRC Section 6336, perishable goods. This means that the property will be sold the same day it is seized. This will be a cash sale and the property must be removed the same day. The sale will be absolute. We do not charge sales tax or a buyer’s premium.

Well, that gives somebody fair warning.

That's a lot of rain gear. Clearly this taxpayer is seriously underwater...

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