Cases have been closed against the Special Event Linen Company, according to IRS documents. The Corporation is owned by a manufacturer who proses to build an extreme sports complex. Between 2013 and 2015, the property was the subject of no less than six federal tax liens. Those liens, apparently, were brought up to speed by the owner. According to Schnell, the owner, the liens are a thing of the past and he’s ready to move on to the next adventure—the sport’s complex.
Present regulations don’t allow the IRS to comment publicly on any matters between an individual and the agency. As such, there is no real knowledge as to whether the debt has been repaid in full. His state of financial affairs is between him and his bankers. As to what information the bank can get from the IRS, that’s another matter altogether. If he has an expert tax consultant in his corner, that’s par for the course.
There’s also a question as to whether the city’s planning commission will consider the investor’s past tax history with respect to approval of the proposed sports complex. The planning commission says that past tax concerns will in no way affect their decision to approve or deny.
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Law Offices of Darrin T. Mish, P.A.: Tax Attorney