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Jury Will Decide On $43 Million Tax Refund Claim By Zaxby’s Cofounder

Posted on AllSides April 21st, 2024
From The Center

On May 13, 2024 an exciting jury trial will commence in the United States Court House in Athens, Georgia. Tony D. Townley, cofounder of Zaxby's, and Elizabeth A. Townley are suing the United States of America for a tax refund of $43 million based on charitable deductions for conservation easements valued at $166 million. How are easements on 794 acres with basis of $1,277,420, assessed at $1,678,435 worth $166 million? Well gravel has been discovered on the land. Actually there is a regular old gravel rush going on in Georgia,...

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https://forbes.com/sites/peterjreilly/2024/04/21/jury-will-decide-on-43-million-tax-refund-claim-by-zaxbys-cofounder

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