The former CEO of a New York City retail leasing and real estate advisory firm can’t use his bankruptcy to wipe out years of back income taxes owed to the IRS, a federal court ruled.
Jeffrey Winick, ex-CEO and majority owner of what was once Winick Realty Group, can’t discharge about $9 million in federal tax debt, Judge Philip Bentley of the US Bankruptcy Court for the Southern District of New York said in a Jan. 20 ruling.
The taxes aren’t dischargeable because Winick willfully tried to evade paying them while lavishly spending on non-essentials, failing to pay required estimated ...