The DoctorTalk.Com Web Site and Domain Name to Be Auctioned Off By IRS

By Marie Price

The DoctorTalk.com Web site and domain name will be auctioned off next month by the Internal Revenue Service in Oklahoma City.

IRS property appraisal and liquidation specialist Eileen Foy said Tuesday that the taxpayer owes $280,000 in taxes, although the site has been appraised for $526,000.

“The IRS has seized it for nonpayment of taxes,” said Foy.

The auction will take place at 10 a.m. on Oct. 15 at the Oklahoma City IRS office.

However, Foy said that mail-in and e-mail bids will also be taken.

“In order for anybody to bid, they have to have a $10,000 deposit, if they’re mailing in or for the online bidding,” she said.

The $280,000 represents the minimum bid, according to the auction notice.

The Web site offers for sale a variety of vitamins and supplements, as well as online consultation and information about various traditional and alternative therapies.

The agency could not release the taxpayer’s name, but the site’s listed registrant is Hagglund Clinic in Norman.

Howard E. Hagglund also has an office in Tulsa.

Only the Web site and domain name are being auctioned.

Hagglund’s Norman clinic did not respond to a request for comment.

Foy indicated that this is not the IRS’s first foray into auctioning an Internet site.

“We’ve done quite a few of these in the past,” she said. “A lot of times we do them in conjunction with the actual business itself. But this time, I think due to the value of this, we just went for the Web site.”

Appraisal and marketing services for the auction are being provided by IpAuctions Inc., an online auction firm specializing in the sale of intellectual property assets. The company is based in Reno, Nev.

Being auctioned separately are the NetBank.com domain names and trademarks of the former NetBank of Jacksonville, Fla. The auction will be held next month, as part of a Chapter 11 reorganization disposal.

According to information from IpAuctions Inc., the bank had more than $4.8 billion in deposits with more than 285,000 customers in 2005.

Founded in 1996, the bank filed for bankruptcy in 2007.

Originally published by Marie Price.

(c) 2008 Journal Record – Oklahoma City. Provided by ProQuest LLC. All rights Reserved.