Labor Smart Inc (LTNC)

[DD2Gain]

First of all, $1 million in payroll taxes is INARGUABLY delinquent. Second, when the liability DOUBLES to $2 million in one quarter there is a far more serious issue at hand. Either there is more late taxes or the cost of the original delinquency is sky rocketing. Considering what being delinquent with payroll taxes cost TSGL per their last financial filing and standard IRS collection practices on delinquent taxes there is exactly zero doubt that either scenario constitutes an increase in liabilities due to delinquent taxes that is 100% verifiable.

"Failure to pay employment taxes is stealing from the employees of the business,” said IRS Commissioner Mark W. Everson. “The IRS pursues business owners who don’t follow the law, and those who embrace these schemes face civil or criminal sanctions."

https://www.irs.gov/uac/IRS-Warns-Businesses,-Individuals-to-Watch-for-Questionable-Employment-Tax-Practices


The fraud suit against Ryan Schadel has been a looooong time in the making because any CEO who plays games with the IRS must, by nature, have very little regard for investors as we have seen here from Schadel himself:

99.99999% of ppl who trade/invest OTC don't know what picture they r looking at in 1st place