 | With KRQE.com's commenting system, you don't need to register. You can login with an existing Facebook, Yahoo!, Google, or Twitter account and more. |
Romanowski being hit for $5 million in back taxes
Updated: Thursday, 28 Feb 2013, 7:23 AM MST
Published : Thursday, 28 Feb 2013, 7:23 AM MST
DENVER (AP) — A federal judge has ruled that former Denver Broncos linebacker Bill Romanowski could be forced to pay about $5 million in back taxes because of a horse-breeding scheme he says he got caught up in.
The U.S. Tax Court decision found Romanowski, his wife Jill and a business they created in 2003 to invest in a Kentucky-based horse breeder improperly took deductions dating back to 1998.
According to the Denver Post (http://bit.ly/XGZaof ), the deductions were related to more than $13 million the Romanowskis borrowed to invest in a breeding operation called ClassicStar. The company eventually went bankrupt, and its executives were convicted of federal tax fraud.
Romanowski and his wife still have the right to appeal the decision.
___
Information from: The Denver Post, http://www.denverpost.com
Advertisement
Advertisement
Advertisement
Explore Featured Content »
-
What live streaming of KRQE News 13 on any screen - from your smartphone to your desktop …
-
Watch what's on now - streaming from CBS News on the live feed player.
-
Interact & connect with KRQE News 13 - anchors, weather, reporters and sports.
-
An Albuquerque man is on a mission to locate 269 families to give them a piece of their …
-
The urban legend has resurfaced - with a small group of fans believing he's alive and …
-
A simple alphabetical error by the state’s Public Education Department cost the most …
-
New Mexico and neighboring states updated road conditions.
-
See where the lowest Metro and N.M. gas prices can be found.
-
Current metro and statewide power outage interactive map; see if your area is listed.
-
When the weather is bad, check for your school and community closures from around the …
-
New Mexico and neighboring states updated road conditions.
-
Latest ski conditions, new snow, base depth, lifts and runs open & live ski webcams.
