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Re: Santa Barbara Broker post# 99769

Sunday, 08/14/2011 3:31:34 PM

Sunday, August 14, 2011 3:31:34 PM

Post# of 103340
Good questions SBB...

1) The amount assessed so far- $127K. Not an earth shattering amount to the IRS given what others owe. Which begs the question: What resources will the IRS expend to track assets? How deep will the IRS dig?


On the other hand....if the IRS were to recieve a filled out form along with attachments explaining in detail assets held by JD, Glenn and other directors/officers..along with other info...well this could certainly change things IMO.



Would the IRS find the following helpful? Info on:

Wilkes Holdings LLC
Scott Nafe
Chickin Investors
Home Handiman
The connection between Builders choice and the new CIMA.
Expo Holdings/d&d displays CONSOLIDATED(alter ego) financial statements containing Information on who owes D&D Displays any funds.(JD and GLENN-SHAREHOLDER ADVANCES). After all ..according to JD..Glenn and JD have not repaid the advances in full and the last publicly filed statement shows the balance to be nearly $400K..this alone would cover the current obligation owed to the IRS.
Form D information - dates/amounts
Screenshots of the expo holdings shareholder updates.
A complete list of D&D Displays debtors..

this is only a partial list of what the IRS might find...Helpful IMO.

Heck...certain info listed above could very well expand the IRS's reach...for example...did JD and Glenn properly account for these advances in regards to paying personal income tax on the advances?? I won't bother you with additional details...but I do believe the IRS has paid rewards in the past for help leading to collection of taxes...etc

Pink Sheets...where failing private companies come to die.