69 Hemi Daytona seized by IRS up for auction

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69 Hemi Daytona seized by IRS up for auction

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04-22-2009, 02:44 PM

njsteve njsteve is offline

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Re: 69 Hemi Daytona seized by IRS up for auction

If you read the fine print in the ad, you are bidding on only the rights the IRS have in it. So if the owner owes $200K in taxes, and the car is worth $400K, you end up only getting a partial ownership interest in the car. That means more lawsuits and a possible extra amount of $$$$$$ to buy out the owner's interest.

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