Comments Thread For: Miguel Cotto Moves To Reclaim Millions From The IRS

Collapse
  • Time
  • Show
Clear All
new posts
  • KnickTillDeaTh
    Undisputed Champion
    Platinum Champion - 1,000-5,000 posts
    • Feb 2011
    • 2098
    • 124
    • 7
    • 21,511

    #11
    Originally posted by richardt
    Did you not comprehend the part about how it was an accountant that brought it to the attention of Cotto??? Business acumen means you do not over pay 2.5 million in the span of 3 years, duh! Cotto didn't spot anything by himself! If the accountant hadn't pointed it out, Cotto would not have known. Even if he had a hunch, and that is a big if, a hunch doesn't equate to business acumen! Get a clue if you have to beg, borrow, or steal one.
    Who hired the accountant to look back at his taxes? How many business owners spot there own tax issues? Lmao why do you need to be a dimwit? He over paid in a span of only 3 years out of a 15+ year career which is only 20% of his professional career, and 2.5 million is nowhere near 20% of Cotto's worth even back then. So again how does this make him not a good business man. Trolling or hater which one?

    Comment

    • Redd Foxx
      Hittin' the heavy bag.
      Franchise Champion - 20,000+ posts
      • Dec 2011
      • 22007
      • 1,180
      • 2,316
      • 1,257,197

      #12
      2005 - 2008? Can you still make claims going back that far? I know you can only be audited for a certain number of years (7 I believe) but are you allowed to re-file 11 years later?

      Comment

      • -Kev-
        this is boxing
        Franchise Champion - 20,000+ posts
        • Dec 2006
        • 39914
        • 5,025
        • 1,447
        • 234,543

        #13
        Suing a city or state gov and winning the case has been seen before, but suing the fed gov and winning, how often has that actually happened? Any one know?

        Comment

        • Butt stuff
          Undisputed Champion
          Super Champion - 5,000-10,000 posts
          • Mar 2014
          • 5573
          • 1,192
          • 3,328
          • 17,572

          #14
          War Cotto!!

          Comment

          • Butt stuff
            Undisputed Champion
            Super Champion - 5,000-10,000 posts
            • Mar 2014
            • 5573
            • 1,192
            • 3,328
            • 17,572

            #15
            Originally posted by aldo5408
            What a dumb fuxcing joke. That wasn't funny not even a little bit
            you're the easiest riser on the site

            Comment

            • CoachMac34
              Contender
              Silver Champion - 100-500 posts
              • Sep 2016
              • 342
              • 10
              • 1
              • 12,880

              #16
              Originally posted by richardt
              Overpaying your taxes and having your accountant be the one who finds the discrepancy doesn't make you a smart businessman. It only makes you luckier than the guy who underpays.
              It makes Cotto a smart businessman for hiring such a good accountant !! Gotta have the right team around you.

              Comment

              • Zaroku
                RIP BIg Dawg Larry & Walt
                Franchise Champion - 20,000+ posts
                • Mar 2009
                • 53366
                • 4,761
                • 10,926
                • 389,015

                #17
                Originally posted by .:: JSFD26 ::.
                Any reports of the IRS being injured or drained? This could be the only explanation as to why Cotto is taking this fight.

                I hope this doesn't backfire and Cotto ends up taking a knee in court! That'd be quite embarrassing.
                Chollo really wrote that garbage?

                Comment

                • Ray*
                  Be safe!!!
                  Franchise Champion - 20,000+ posts
                  • Jul 2005
                  • 44867
                  • 1,654
                  • 1,608
                  • 558,890

                  #18
                  I really like Cotto, head on screw when it comes to the business and investment side of things. It is refreshing to see a boxer going after the taxman.

                  Comment

                  • taes
                    Contender
                    Silver Champion - 100-500 posts
                    • Jan 2014
                    • 247
                    • 9
                    • 0
                    • 6,758

                    #19
                    Just love to hear the IRS getting ****ed over - but never happens. Don't know why this wasn't spotted the first time round but if he has overpaid - which I doubt - he should be chasing his first accountant.

                    Comment

                    • daggum
                      All time great
                      Franchise Champion - 20,000+ posts
                      • Feb 2008
                      • 43345
                      • 4,515
                      • 3
                      • 166,270

                      #20
                      cotto's trying to find an opponent that hbo will approve. its hard cherry picking folks!

                      Comment

                      Working...
                      TOP