Replies to post #37032 on Arrayit Corporation (ARYC)

[General_Sevier]

Maybe you should read the SEC filings on money owed the IRS and even bigger, review the court filings in the Zalcberg lawsuit were they spell out the above and spell out tax fraud where during the period 2009 through 2015, the Schena's gave themselves over $7 million in compensation through equity issuances that were not reported to the IRS as income and no withholding or taxes were ever paid. And on top of that, the Schena's are not reporting most annual income amounts for themselves on W-2's or 1099's.

[General_Sevier]

More on the IRS ----

Here is were ARYC admitted in SEC filings they stole money from their employees by taking withholding and employment taxes and keeping it versus sending it to the IRS. This is detailed more fully in the Zalcberg lawsuit filings.

Management believes that current available resources will not be sufficient to fund the Company’s planned expenditures, including required past due payroll and income tax payments, over the next 12 months.

And here is were ARTC admits to not reorting basic annula salary to their three top officers ---- AS REQUIRED BY FEDERAL and CALIFORNIA law as the OFFICERS at REUIRED to BE STATUTORY EMPLOYEES. The Zalberg lawsuit information has more on this blatant violation of the IRC CODE and as shown in ARYC's statement, the taxes were not paid on this by any of the parties.

An adverse ruling by the U.S. Internal Revenue Service could create significant liability.

Several of the persons, including consultants and executive officers, who provide services to us are treated as independent contractors or receive below market loans instead of salaries or wages. If the I.R.S examines our prior years’ tax returns and determines that one or more of such persons were employees, the resulting liability for withholding and payroll taxes could be significant.

Then you have the over $7 million in equity compensation that ARYC and the Schena's hacve hidded from the IRS, never reported, no withholding on and no taxes ever paid on it ---- especially since they have never had any money to pay the MILLIONS owed on this TAXABLE IMCOME.....

[General_Sevier]

Maybe you should read the SEC filings on money owed the IRS and even bigger, review the court filings in the Zalcberg lawsuit were they spell out the above and spell out tax fraud where during the period 2009 through 2015, the Schena's gave themselves over $7 million in compensation through equity issuances that were not reported to the IRS as income and no withholding or taxes were ever paid. And on top of that, the Schena's are not reporting most annual income amounts for themselves on W-2's or 1099's.