Town scrambling to get documents to IRS
METCALFE — Mayor Corey Holmes says Metcalfe has a July 31 deadline to give the Internal Revenue Service 11 years of bank statements and canceled checks, plus more documentation for the 12 months that ended June 30.
He tells the Delta Democrat Times that town officials hope to beat that deadline by at least a week.
The IRS says it will levy income and seize assets if the town misses the deadline.
Holmes says the town owes $558,510.20 because it didn’t pay taxes on town employees for 10 years. The town is also missing the last five years of state audits.
The town also has stepped up efforts to recover from bonds on former mayor Shirley Allen and former town clerk Brenda Gibbs, who had to be bonded as elected officials.
Source: Delta Democrat Times
To sign up for Mississippi Business Daily Updates, click here.
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- DAVID DALLAS: You say “Obama”, I say “Ebola”
- Pickering lists concerns over Mississippi Adequate Education Program formula
- Peavey's wellness program honored after workers drop 1,000 pounds
- Group, lesbian couples look to overturn state's ban on same-sex marriages
- Judge gets more time to fight efforts to remove him from office
- State renews battle over water use with city of Memphis
- Voters to decide whether hunting, fishing is constitutional right
- Coast cleanup nets 1,600 bags of trash — and a watermelon patch
- Mississippi Film Studios signs contract with New Orleans company