Tuesday, August 22, 2006

Law Dog

BUD:
Why does this sort of thing always seem to happen to this sort of lawyer?

I did like the fact that the feds have seized Lawson's boat (because what better way to spend your hard-earned money in Cincinnati, than on a 37 foot boat to cruise the scenic beaches and pristine waters of the Ohio River?). The boat actually looked decent, although it doesn't appear that the proceeds will make much of a dent in his tax bill.

It got me thinking about what I should name my boat. I've got to tell you that it is surprisingly difficult to come up with a cheesy and clever play on words. The best I've been able to come up with for a lawyer's boat would be the "Sue-nami." Not great. Please help.

3 Comments:

At Tuesday, August 22, 2006 2:45:00 PM, Blogger UCLaw98 said...

I agree. It seems like an awful lot of work to collect less than 10% of the tax bill due.

In his defense, I can tell you that it is a royally difficult thing to accurately budget for tax days. We just found out that we somehow "made" 0.5% more in 2005 gross revenue than our preliminary numbers showed; the federal tax bill on that 0.5% alone works out to about $50,000.

As for boat names, the best I have (limited to a PT attorney): "Sloop and fall".

 
At Tuesday, August 22, 2006 2:58:00 PM, Blogger UCLaw98 said...

Obviously that should be a PI attorney.

-Moose

 
At Tuesday, August 22, 2006 5:13:00 PM, Blogger Max said...

The IRS selling assets has less to do with collecting a tax bill than it does with putting a big hurt (Lawson's words) on the guy who is stiffing them.

I represented a client who was sued by a guy claiming the client was responsible for his having engaged in insider trading. He wanted money because he had to settle with the SEC.

Problem he had was that he then proceeded to declare bankruptcy and stiff the SEC. So the US Attorney came after him criminally. He dropped the suit against us when ordered to appear for a civil deposition two days before his criminal trial began.

Another example of vindictive government. And another example of a guy who has it coming.

 

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