IRS Grab? Whether the IRS will waive part or all of the estimated $16 to $18 million Santa Barbara’s Bellosguardo estate owes remains open to serious question.
The Bellosguardo board met recently and some members were reportedly mighty unhappy about what they heard about the IRS position. “I’m not happy about it,” one said.
Just how sharp the IRS ax will be hasn’t been revealed publicly yet. Things are so touchy that the foundation board has contacted a PR firm to handle things when the situation is made public.