FAMH - FIRAMADA Staffing Services Message Board

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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services

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To: Cat-fan who wrote (10507)	4/3/1998 6:57:00 PM
From: David A. Irvine	Read Replies (1) of 27968

Cat-fan, As far as I know, the tax issue has not been discussed fully by FAMH. It has been speculated by people on this thread (somewhere close to message 3,000, I think) that the tax problem is due to payroll taxes being withheld by the company but not forwarded to the IRS. CPAs on this thread stated that payroll tax problems are the only tax issues where the company principles are liable for the tax burden. This is the case with Myriad. I do not know anything about local or state tax problems, if any. Ira Monas has indicated that the total repayment on back taxes will be approximately $4.3 mil. I assume this would include local and state taxes (if any), but I am not sure. Hope this helps. -Dave (I am a dog fan, btw.) P.S. I agree, don't mess with the IRS! Most people know this, but some people don't learn. As Douglas Adams said: "Human beings, who are almost unique in having the ability to learn from the experience of others, are also remarkable for their apparent disinclination to do so." -- Douglas Adams, Last Chance to See

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