I saw this come up on another site, and there is some interesting background here. The bulldozer guy was in the carpet business with his brother, and the brother sued bulldozer over 'improprieties' in the books, and the he said/he said broke the business (and the bank, I suppose). Of course the IRS was called, and they found quite a few irregularities, and ended up going after BOTH partners in the biz...brother paid up, and moved on. Bulldozer apparently had taken loans out at the bank using this house as collateral to finance the ongoing litigation, and when he lost, he razed the house and blamed it on the IRS!
Now I'm all for disputing tax bills and making the IRS EARN every penny they can squeeze out, but at some point you have to man up and say if you are going to borrow a dollar, you're going to pay it back! He had received something like SEVEN YEARS of grace from the bank...did he just expect them to forgive the loan and let the shareholders eat it?!?!?!?!?
