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IRS files another tax lien vs Dynasty owner
The U.S. Department of Treasury-Internal Revenue Service has filed another notice of federal tax lien against the owner of the defunct Tinian Dynasty Hotel & Casino for allegedly owing $13,128 in taxes for a period ending in November 2013.
In IRS’ notice of federal tax lien filed before the U.S. District Court for the NMI on Tuesday, IRS alleged that Hong Kong Entertainment Investments Ltd. has an unpaid balance in its annual withholding tax for U.S. income of foreign persons.
According to IRS revenue officer David Choi, the liability remains unpaid.
Therefore, Choi said, there is a lien in favor of the U.S. “on all property and rights to property belonging to HKE for the amount of this tax, and additional penalties, interest, and costs that may accrue.”
Last February, the CNMI Department of Finance-Division of Revenue and Taxation filed a tax lien in federal court against HKE for alleged failure to pay $10,477 in taxes for the 2016 tax period.
Finance said HKE owes employer’s quarterly withholding tax return in the amount of $10,264 and $212 for tax period ended on June 6, 2016.
Last January, IRS also filed a notice of tax lien against HKE for allegedly owing employer’s quarterly federal tax returns in the total amount of $15,198 for the tax period ending Sept. 30, 2016.
On Wednesday, U.S. District Court for the NMI Chief Judge Ramona V. Manglona ordered HKE and its president, Kwan Man, to pay $191,400 in civil penalty to the U.S. Labor secretary for repeated violations of the overtime provision of the Fair Labor Standards Act.
According to court documents, HKE no longer has any employee working in the CNMI.
