Detailed text transcripts for TV channel - FOXNEWS - 20170712:06:34:00 : vimarsana.com

Detailed text transcripts for TV channel - FOXNEWS - 20170712:06:34:00

wrongfully classified as stock more than 1600 designer bridal gowns at perishable goods and invoked extremely seizure and sale process for such items. the gowns were worth -- that irs got $17,000 and some of the agents apparently bought some of the discounted gowns which averaged about $4 a gallon for the designer gowns. we checked the irs manual about what is a perishable good and what isn't and in the case of a nursery for example, flowers and plants, those are perishable goods, the government can sell those off right away but items like gardening equipment and pottery and vehicles, not perishable. can't sell those off right away, at least not by law. by the way, the tax bill for the couple, $30,000 which the lawyer tells fox business they didn't even owe. >> we have not conceded that they actually owe that in the first place, which adds another

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