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Re: Stock_Barber post# 99443

Saturday, 08/06/2011 7:48:36 PM

Saturday, August 06, 2011 7:48:36 PM

Post# of 103340
941= withholding tax......company deducts tax from EMPLOYEES check and is obligated to forward the deductions to the IRS....

same scenario played out with Builder's Choice Cabinets-now CIMA.


Here's the *er*....*rub*.......JD/Glenn had to be aware of the situation.... yet OTHER debts were paid according to June's PR/website update....willful failure to submit deducted payroll taxes is frowned upon by the IRS.....perhaps the IRS would appreciate a copy of JD's $50,000 debt reduction announcement?

Pink Sheets...where failing private companies come to die.