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Their Son Wants A Bailout After Racking Up $200,000 In Taxes, Interest, And Penalties. Dave Ramsey Says, 'I Probably Wouldn't' Step In Today
Yahoo Finance· 2025-09-11 17:01
Jeff and his wife are in their early 70s, comfortably retired in Indiana with a net worth of about $2.3 million. But now they're facing a painful decision: Should they sell off property or mutual funds to bail out their son, who owes more than $200,000 to the IRS? The Son Keeps Making The Same Mistakes Their 40-something-year-old son returned to Indiana from Los Angeles 11 years ago to take over Jeff’s insurance agency. Back in California, he’d gotten into tax trouble while working in the music industry ...