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Replies to post #194258 on Hannover House Inc (HHSE)
Good Morning - It would be an understatement to say that these are insanely busy days for HHSE.
We wanted to immediately address a shareholder concern - posted from an xxxx link this morning.
The IRS filed a levy against the former California corporation (Truman Press, Inc., dba Hannover House) for "unpaid 941 payroll estimates." Essentially, when the company reincorporated Truman Press, Inc., in Arkansas in 2008, the California entity was abandoned. However, this did not stop an IRS officer out there from "estimating" that payroll taxes "probably" were due, and proceeding with collections.
We have since learned that notices were sent to the former P.O. box in California - and not forwarded to Arkansas. So we had no prior knowledge that an arbitrary assessment had been made (and not contested) and that this has gone into collections. We were informed that the IRS levy was filed last week in Arkansas after they researched where our business has been operating. We have provided the IRS with proof that there were NO payroll taxes due under that entity (we use a payroll service under the FED EIN number for the Arkansas corporation). The levy is being removed by the IRS and the release of Levy is being provided to Hannover House.
The amount being sought under the levy was based on an arbitrary assessment, not on an actual, unpaid obligation. The total amount was $6,308 (pretty insignificant, but still distracting and annoying to have to remove).
The "xxxx" who gleefully posted the new of the Levy, neglected to list the insignificant amount of the levy. How surprising. Apparently, xxxx follow the philosophy of "don't let facts get in the way of a false perception." Regardless, when the Release of Levy letters are provided to HHSE, we will post one of them here to evidence that what we have said above is fully accurate and truthful.
12/18/14 1:08 PM
12/18/14 1:22 PM
AI
