Delta town hoping to reach bond settlement to pay IRS
by Associated Press
Published: March 13,2012
METCALFE — The city of Metcalfe hopes to reach a settlement with a bonding company as part of its plan to erase a tax lien imposed by the Internal Revenue Service.
The Delta Democrat Times reports aldermen this past week authorized city attorney Bennie L. Richard to settle the lawsuit.
The town sued former mayor Shirley Allen, former town clerk Brenda Gibbs and several former and current aldermen who served between 1999-2009 to recoup money through their bonding agent — the Ohio Casualty Company.
Richard says the deal will pay part of the tax lien but not all of it.
The IRS said the town didn’t pay taxes on town employees for 10 years from 1999-2009. The figure has continued to grow because of interest and penalties.
To sign up for Mississippi Business Daily Updates, click here.
Twang & Tourism: The Country Music Trail
Still planning that summer vacation?
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Study: Mississippi has highest sales tax rate in U.S.
- MSU researchers develop timber-management software
- Prescription for success — Transcript Pharmacy continues fast growth
- New law on taxing methods hailed as big win for businesses
- Nehi Bottling Company has been a Cleveland fixture for 85 years
- Panther Creek megasite — Putting a value proposition out there
- BBB issues warning involving asphalt paving scam
- Running luxury car dealerships, like Mercedes of Jackson, comes naturally to Trudy Higginbotham Moody
- Baker Donelson's David A. Rueff Jr. co-authors guide
- Panther Creek's location in medical industry zone boosts bio-med prospects