IRS Auction of Cowboys Tickets Nets $241,000

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In an IRS auction, six prime Dallas Cowboys tickets together with the rights to purchase future tickets were sold to a ticket broker based in Dallas for $241,000. The auction was held to pay off debts by Lending.com amounting to $4.5 million. According to records, the taxpayer debtor was Lending.com, a mortgage lender which was a proxy company for its chief executive, Douglas Van Arsedale. According to the IRS, the tickets did not belong to Van Arsedale, but he ‘was using them.’

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Darrin Mish, Tampa Tax Attorney, The Law Offices of Darrin Mish, P.A. | Attorney Advertising

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