IRS Files Lien On MS Town
The Internal Revenue Service and the town of Metcalfe have agreed on a monthly payment plan to erase a tax debt.
The Delta Democrat Times reports (http://bit.ly/yMe5zS) that the board of aldermen approved a repayment plan of $350 a month.
Officials say 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.
Town attorney Bennie L. Richard says the town owes more than $500,000.
Richard says the payments will begin in March, for a 2-year period at which the IRS will then re-evaluate the town’s financial situation.
