IRS says Hillsborough power broker Ralph Hughes owed not $69 million in back taxes, but $300 million
The late Ralph Hughes, shown with state Sen. Ronda Storms in 2006 at a Plant City Republican event.
The Tampa Tribune is reporting that a new court filing by the Internal Revenue Service has more than quadrupled the amount of money it says it is owed by the estate of the late Ralph Hughes, a powerful anti-tax power broker in Hillsborough County.
From the Trib story:
Before he died last year, conservative powerbroker Ralph Hughes fraudulently took millions of dollars of his companies’ assets, leaving the businesses insolvent and owing nearly $300 million to the IRS, the federal government says in a new court filing.
