Former Reynolds and Reynolds Co. CEO Robert Brockman is still moving assets among offshore tax havens and transferring property to family members to avoid paying his $1.4 billion tax bill, according to U.S. officials seeking a judge's authorization for an immediate government levy.
The Justice Department urged a federal judge in Houston to rule by Feb. 9 that the Internal Revenue Service rightly demanded payment by Brockman, 80, former head of the DMS giant who was separately indicted in the biggest-ever U.S. criminal tax-evasion case against an individual. The IRS wants a "jeopardy" levy to bypass a review process that can take years, the department said in a court filing Monday.
Brockman has used complex foreign trusts and corporations to hide billions of dollars from the IRS, and "these efforts are continuing," the department said. He appears to be acting "quickly to place his property beyond the reach of the government by maintaining his property offshore, transferring it from one tax haven to another, concealing it, dissipating it, or transferring it to other persons, including family members."