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IRS: Defunct Ladera school owes $13,133
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Posted on Oct 16 2011
The U.S. Internal Revenue Service has disclosed that the owner of the defunct Ladera International School of Saipan owes $13,133.26 in federal taxes.
IRS filed Thursday in the U.S. District Court for the NMI a notice of federal tax lien on Ladera International School of Saipan for its failure to pay the Employers Quarterly Federal Tax Return for the tax period ending Dec. 31, 2009.
IRS said they are giving notice that taxes (including interest and penalties) have been assessed against Ladera and that they have made a demand for payment of this liability—to no avail.
“There is a lien in favor of the United States on all property and rights to property belonging to this taxpayer for the amount of these taxes, and additional penalties, interest, and costs that may accrue,” IRS stated in the notice.
IRS also filed a notice of federal tax lien on Ladera in April 2010, saying that the school failed to pay a total of $10,649.65 in Employers Quarterly Federal Tax Return for the tax period ending on March 32, 2009, and Sept. 30, 2009.
The Ladera school shut down operations in August 2010 after more than four years of hosting local and foreign students.
In late February 2011, Ladera’s former owners—brothers Yong Nam Park and Yong Sung Park and their parent, Pil Hwan Park—filed a $1-million lawsuit against the school’s operator, Sung Yun Kim, for allegedly mismanaging the school and embezzling its funds.
In May 2011, Bank of Saipan Inc. sued Yong Nam Park and Sung Yun Kim for allegedly failing to pay $300,822 in loan and damages.
