Christian School Faces Tax and Foreclosure Problems

more+
less-

The Summit Christian School in Palm Beach County is facing a foreclosure on its property by a credit union to who the school owes $9.3 million. Circuit Judge Meenu Sasser will hear the request by the credit union to foreclose the premises on October 5.

If that were not enough, the school has another serious problem. It has not been paying its taxes for the year ended March 31, so the IRS has slapped a $606,000 tax lien on it. Summit school headmaster Sam Skelton has acknowledged that the 38-year old school, situated at Summit Boulevard and Haverhill Road is facing massive challenges.

Please see full article below for more information.

LOADING PDF: If there are any problems, click here to download the file.

Published In: Business Organization Updates, Education Updates, Finance & Banking Updates, Commercial Real Estate Updates, Tax Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Darrin Mish, Tampa Tax Attorney, The Law Offices of Darrin Mish, P.A. | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »

CONNECT

Darrin Mish, Tampa Tax Attorney
The Law Offices of Darrin Mish, P.A.

Darrin T. Mish is a Nationally recognized Tax Attorney whose practice focuses on representing... View Profile »


Follow The Law Offices of Darrin Mish, P.A.:

Reporters on Deadline