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Pay Back Taxes; Some Companies in Need of Back Tax Help

We recently spoke of some notable celebrities who had some trouble for failure to Pay Back Taxes. We stumbled across a story today about a company that was financed by US tax dollars (for the somewhat paltry sum of $33 million) and not only did the company go bankrupt but now still owes $1.5million in back taxes. Raser Technologies was given a $33 million dollar grant in 2010 to build a “green” power plant in Utah only to collapse like a house of cards amidst accusations of political shenanigans and financial impropriety.  While we won’t get political it did give us an idea to explore further some well known or high profile companies that have had problems paying back taxes.

Continuing our list, we would be remiss to not go with some very low hanging fruit of Warren Buffet and his little mom and pop known as Berkshire Hathaway.  And after reading this,  private citizens looking for help to pay back taxes probably do not feel quite so bad, provided the amount owed in back taxes is less than one billion dollars. According to Berkshire Hathaway’s official 2010 report the company has been in a struggle with the IRS dating back to 2002.One website even went as so far to speculate that Berkshire Hathaway may owe as much as one billion dollars. Without looking at the record book-we are positive this may be the largest back tax amount owed in US History.

Zuccotti Park made headlines recently as the occupy Wall Street movement chose Zuccotti Park as their official headquarters and rallying point of the movement.  Those who looked deeper into Zuccotti park and more importantly, the owners of Zuccotti park discovered that park owner Brookfield Properties and its parent company owe the city more the $139,000 in their failure to pay back taxes. We could probably list just a few of the ironies of the whole sordid affair. Merely the gall and audacity of those facts alone speaks volumes.

On a similar note, one county in Michigan decided to take on a true heavyweight when it was discovered that Fannie Mae and Freddie Mac were not complying with tax laws when a Fannie and Freddie owned property was sold.  Oakland County treasurer Andy Meisner discovered that Fannie and Freddie’s refusal to pay back taxes had resulted in the loss of $1.6 million to the County and $10.8 million to the state.   “We think it’s a pretty strong case,” Meisner was on record as saying. “There are some very inconvenient truths that Fanny and Freddie are working around.”  Fannie and Freddie claimed that as a government entity they were excluded from regulations that extended to private companies…even though Freddie and Fannie are publicly traded companies that actually has the words “a private company serving a public purpose” on its own website.

Something tell us that we are just scratching the surface as to some major companies and corporations that are failing to pay back taxes. Sadly time and space limitations are prohibiting us from doing more research on the subject. However, we can say that for those looking for help for information and online ebooks providing information on how to pay back taxes;  GraceForms.com is your premiere source for back tax, college scholarship, and how to get a grant information.

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