Delta town hoping to reach bond settlement to pay IRS
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.
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Drew Brees settles lawsuit alleging investment fraud
- Doctor convicted of using phony church for tax shelter
- Ex-Delta mayor indicted, accused of stealing city property
- Cochran's legal counsel asks Court to toss McDaniel's lawsuit
- Williams-Sonoma expanding, adding nearly 1,000 jobs
- More than half-dozen groups file charter school applications
- State Rep. Patterson switches from Democrats to GOP
- Ex-baliff wants pay or her job back after termination
- Biloxi baseball project still alive but may be held for 2015