A dispute with the Internal Revenue Service over taxes on the money Buchanan received from Merrill Lynch stretched through the 1990s. Buchanan, his business partner, and Merrill Lynch were sued for violating the Michigan Corporation Act. It ended with Buchanan paying $1.5 million.
A disagreement with the Internal Revenue Service over taxes on money Buchanan received from Merrill Lynch persisted throughout the 1990s. Buchanan, his business partner, and Merrill Lynch were sued for violating the Michigan Corporation Act. It resulted in Buchanan paying $1.5 million.