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Wolcottville Council OKs hiring CPA and tax attorneys to address unpaid payroll taxes
Summary
The Wolcottville Town Council authorized hiring a CPA and a tax law firm to help resolve outstanding payroll-tax liabilities to the IRS from prior years and allowed the council president to sign engagement agreements.
The Wolcottville Town Council on July 1 authorized town leadership to engage outside financial and legal help to resolve unpaid payroll-tax liabilities dating to prior years.
Town Attorney Kurt Bachman told the council the town is still attempting to resolve issues with the Internal Revenue Service stemming from unpaid payroll taxes. He said he had contacted CPA Dan Kinnamow of Plainfield and the tax law firm Faegre, Drinker, Biddle & Reath of Indianapolis to assist. Bachman asked the council to allow President Dean Domer to sign agreements enabling those firms and Beers Mallers to work on the matter.
Vice President Steven Cords moved to permit President Domer to sign the forms to hire the CPA and tax law firm; Council Member Jeff Sorg seconded the motion, which carried unanimously.
The council did not disclose the amount of the liabilities or a timeline for resolving them during the meeting. Council members described the hires as a step to obtain specialized tax and legal assistance; no attorney-client work product or contract terms were read into the public record at the July 1 meeting.
Next steps outlined at the meeting are for the town president to sign engagement forms and for the appointed firms to begin reviewing the town's payroll-tax history and advising on potential resolutions and negotiations with the IRS. The council did not set a public follow-up date at the meeting.
