- Quickdraw McLaw
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- In the “Is it news?” category, AG candidate Aaron Ford had tax liens. [RJ]
- Will MGM’s bold strategy of suing victims to seek declaratory relief payoff? (features a fantastic photo of Bob Eglet) [TNI]
- Sex sells. Who’s minding the store? [Nevada Current]
Voting to raise taxes and not paying them yourself is ridiculous and childish. The campaign manager's explanation does make some sense, but it's not good enough for me. You're a partner at a big firm. Grow up and pay your freaking taxes.
I think the real question is do you trust someone to be the enforcer of state laws when they didn't timely comply with all the federal laws. I think you can. Tax law is a complicated mess and even the most well-intentioned taxpayers who hire CPAs can still end up in this situation. But, if you have one candidate who has demonstrated that they have complied with all laws and the other has not, it doesn't help the second candidate.
He did not pay the taxes until 2016, after he had joined Eglet.
I had a good settlement a few years back and thought I had made a sufficient estimated payment, only to discover that I needed to write about a $30k check at tax time. Fortunately I had the money on hand and things didn't escalate. In his case, couple a perhaps unanticipated liability with leaving one firm and joining another, which could well result in a year or so of greatly reduced income, and I can see how this might happen. Also, I believe his wife operates a small firm, and this probably adds to the headache. He disclosed the liability and paid it off. But, the optics don't look good I will admit.
9:27, I think the real question is do you trust someone to be the enforcer of state laws" when they are described by their law firm's evaluation committee as "a train wreck" who "doesn't even have the basic skill set"?
and 9:46 (just to be equal opportunity here) – Ford worked for Snell before Eglet (plus his wife is an accomplished attorney). Snell might not the Lamborghini-level compensation one would want to find with Eglet, but Ford wasn't in the poor house. That said, it's not news.
As I understand the IRS practices, they only file a lien if a) you owe them money on taxes that are overdue and b) you have failed to enter into/comply with a payment plan to pay off that debt.
The fact that he miscalculated his taxes being news worthy.. not so much. The fact that it wasn't a 1-time thing but repeated for multiple years and it took the IRS filing of liens (multiple liens) to bring him to the table (only years after the filing of the liens BTW).. that is what makes it newsworthy.
Who was described as "a train wreck?" Have a link?
This whole portion of the thread just screams Wes' campaign is forwarding their message. Literally using the same language Wes' campaign did. Ford didn't break any laws, he just needed time to pay his taxes and he paid them… sometimes the IRS likes a little bit more than you have at the moment and they need to file liens, it happens. BUT HE PAID THEM. Additionally, can somebody point out what law he broke? Stop the nonsense and get down from the high horse.
https://www.ralstonreports.com/blog/ag-hopeful-laxalt-was-described-law-firm-evaluation-train-wreck-borderline-incompetent-practice
Wow, that's incredible. Thanks.
Irs will file lien even if a payment plan is entered if amount owed is over $25k. Unfortunately I know from personal experience.
The "news" about tax liens is racist. Quit it.
I agree that this is not big news, but how in the world is it racist?
Similar info came out about Robert Langford, who is very, very pale.
What is racist about it? Whether or not it should have been publicized is debatable. But racist?? Perhaps 9:22am is being just a bit too sensitive. (Unless of course 9:22 is joking, in which case the joke is stupid and in poor taste.)
The Steel Dossier makes it racist! It also makes global warming a complete hoax! Basically, anything is anything I say it is. Because Trump. (Yes, joking; as is OP, I suspect.)
Re: Aaron Ford's tax liens.
I'm not saying it is or isn't news, but it must be considered in the context of the Review-Journal. Sheldon Adelson has been less than subtle about using the R-J to advance his views an interests, and quite willing to publicly cudgel people and institutions he opposes whether those be the LVCVA or Steve Wynn. Adam Laxalt is one of Sheldon Adelson's political clients. Wes Duncan is Laxalt's top Lt. I suspect we will see many more attacks on Ford in the R-J in the coming months. Some may be true, some contrived and others over stated.
Whenever you read the R-J, you always have to think, "What's Sheldon Adelson's angle with this story?"
Is cudgel a verb?
Ford owed taxed from 2011-2013, and he paid it off by 2016. There could a litany of reasons as to why he owed taxes, and took time disputing the amount with the IRs until an agreement was made. the important thing is that it was resolved and paid in full. this isnt news, this is just bullshit political fodder.
Sure, he voted to raise taxes. but federal taxes and state taxes are two different things, two different purposes. So Duncan's position is also bullshit and an attempt to kick a man when he was down. Fuck Wes Duncan.
and no, this is not Ford, or anyone from Eglet. Just a dude who call's it what it is.
I respect his tax deferment methodology, no telling how much he made from delaying the payment of those taxes, he's got my vote
The benefits of deferment are heavily outweighed by the interest and penalties, which can turn a relatively manageable liability into a nightmare if you don't have the bucks to pay it for a couple of years.
Unless he did some form of negotiated settlement or offer & compromise in which he may have paid a fraction of what was owed. We do not know how much Ford paid, only that the lien is resolved.
Several superpriority orders from NVSCT on Friday clarifying tender argument.
You are overlooking the other mess the NVSCT made. Whether a subpriority assessment lien sale is an improper "waiver" or an "election of remedies" is a material issue of disputed fact. The NVSCT substitutes its own findings of fact based on a twisted reading of CCR and rules against bank. Is it too much to ask that they apply the rules of evidence and appellate review.
I'm fairly sure that the penalties he paid the IRS are substantially more than the .001 interest he might have earned during those two years.
Or it almost doubled in the S&P.
Whether MGM's strategy will pay off remains to be seen, but it is definitely doing some brand damage–especially with this press conference parade of victims this morning.
The explanation is garbage. He was a partner at a big firm. He was rolling in dough. He was easily able to pay his taxes. Nor does it matter that his firm didn't withhold enough. That happens to a lot of us – even those with smaller paychecks. When you do your taxes, you find out if you owe. And if you do, you pay. You only get a lien filed if you willfully don't pay after doing your taxes, failing to send in what you owe, and then being warned in writing.
Hahahahaha! "Partner at a big firm = rolling in dough," said the lawyer(?) who has never been even remotely near partnership in a big firm. Anyone who's been anywhere near partnership in a big firm knows that there are many variables that go into how much one is paid; and no relatively new partner would ever equate partnership with "rolling in dough." I call Troll.
The only issue I have with Ford not paying his taxes is that he has failed to address the matter now has been raised. Does he intend to avoid any issue he finds uncomfortable?
P.S. He left Snell because he did not have adequate billable hours.
OK.. I'll bite…
If he didn't have adequate billable hours how/why was he promoted to partner level?
If it was not because of his profitability as a FBU (fungible billing unit), it could be attributed to his proficiency as a rainmaker in bringing in work for other associates to perform. Firms, however, do not discard rainmakers, even those who under-perform as billing units, unless they merely bring storm clouds but no actual rain.
I could see the advantage to Eglet to recruit Ford for political reasons, but the allegation from the prior author implies that Snell initiated the departure rather than Ford.
His last few years at Snell, he was hardly in the office. Always doing state senate stuff (apparently).
He was forced out just like Brower was forced out. They don't want politicians, they want billable hours.
As a voter I would hesitate to vote for a candidate who doesn't file returns, is being audited, and will have huge tax liabilities, or already has huge tax liability that he does little or nothing to address.
But if the deficiency was established some time ago, and the person is faithful to a re-payment schedule, it would not be an issue for me as a voter.
If we are talking about a single tax year, or perhaps even 2 consecutive years (2nd year may occur before the deficiency in the first is discovered, e.g. took automatic extension and filed in October instead of April), but for more than 2 years I become suspicious of whether it was an error or intentional. It is not very difficult to submit a new W-4 form to your employer to increase your withheld taxes (or supplement the withheld amount with a quarterly tax payment directly to the IRS).
1:13 you are jumping to many conclusions. Maybe I missed it, but I don't recall the article stating that he didn't file a return, which is way different than not having the money to pay the liability. I also did not read that he was "being audited" or that he had any unresolved liabilities. I am far from an expert on the tax code, but I have heard that Snell & Wilmer is an actual partnership. My understanding is that they get a draw with a distribution at the end of the year. For all we know, maybe all of the partners got whacked somehow in those years. Maybe the liability was something that he disputed on legitimate grounds. I'm simply suggesting that there is quite a bit here that we are just speculating about. Also, don't overlook the fact that he paid all of this off long *before* it became an issue in the press. Oftentimes when these types of stories come out, it's the other way around.
To:2:16. It's 1:13 here again.
I was commenting only in a very general sense as to what type of back tax issues would, or would not, affect my vote.
Just for the record, I was not commenting on the situation of any specific individual being discussed. I was joining the tax discussion in a very general sense but, again, not concerning the challenges experienced by specific individuals.
He paid the tax liability in 2016, when he was working for Eglet.
To everyone who doesn't find much of a problem with someone having so many years of tax liens:
Raise your hand if you've ever had a tax lien. I assume almost none of you have your hand raised. Why? Because you paid your taxes every year like pretty much everybody does. Remember that Ford is running for Attorney General. If he can't pay his friggin' taxes properly, how on earth will he ever be able to properly handle such an important position? There is almost no excuse that I would be willing to accept here. Period.
Raising hand… You ever rely on an accountant to manage your books and then lo and behold find out he's incompetent and has been having you withhold at a lower rate than you needed to? And when you go in to meet with him to determine where the issues are and come out of that meeting owing thousands MORE than when you walked in the door? Yup. It happens. And all of that happens while you ARE paying your taxes at a rate recommended by an EXPERT in their field, only to find out that the so called EXPERT doesn't know his head from his ass. THAT'S how responsible people end up with tax liens.
This guy is asking to be put in charge of all of the State of Nevada's attorneys, and he can't supervise his own tax guy well enough to avoid years and years of massive tax delinquencies?
"All of the State of Nevada's attorneys" is a number less than 30, just sayin. And who supervises a tax guy? That's why you have a tax guy. Until you find out your tax guy is incompetent. Then you bring in another tax guy to catch the errors. Because you don't hire a tax guy if you can do it yourself.
From the IRS website re: how to avoid a tax lien:
"You can avoid a federal tax lien by simply filing and paying all your taxes in full and on time. If you can’t file or pay on time, don’t ignore the letters or correspondence you get from the IRS. If you can’t pay the full amount you owe, payment options are available to help you settle your tax debt over time."
So for the person here who says it might be the CPA's fault, maybe at first, but likely not. And after that, the taxpayer then ignores the correspondence from the IRS or makes a payment plan and doesn't stick to it. This is DEFINITELY NOT what I want to see in an Attorney General. No excuses are acceptable here.
I don't want any of these people. Any third parry running for AG?
Party
Snell Wilmer does not pay payroll taxes? Dr. Ford threw them under the bus.
Eglet bailed Aaron Ford out. Now, Ford is his candidate. He also endorses who Eglet wants him to endorse. It is always the same people.
Didn't Ford grease the skids to get a bill through either the last legislature (or the prior one) that allowed governmental entities to retain private attorneys at an enhanced compensation arrangement than the law then allowed? After it's passage, didn't Eglet then get retained by certain government entities to pursue claims on their behalf at that enhanced arrangement?
Sounds to me like Eglet has already received a pretty return on that investment already. Anything more he might receive if Ford is AG will simply be icing on the cake.
Wait, we have 36 comments on this post about Ford's tax lien issue, BUT NOT A SINGLE PERSON HAS MENTIONED THE PHOTO OF EGLET WITH THE STRATOSPHERE RISING TRIUMPHANTLY FROM HIS CROTCH?
There's no way that was a mistake.
Shwing!!!
Who cares. Eglet is a crotch.
It was not a mistake, because he is sitting on the client side of his desk, with the Stratosphere rising to his right. Perfectly staged!
The photographer, Jeff Scheid, is the former photo editor of the Review Journal. He's among the best in the business. But the lighting makes the photo for me. That's the light of god shining down upon her chosen one.
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The photo was actually taken in the office of Robert M. Adams, a partner of Eglet.