IRS sales tax ends later this month
Friday, September 13, 2013
The approaching end of the IRS repayment tax was a topic of discussion Thursday night for the Blytheville City Council's finance committee, and chair Tommy Abbott presented numbers showing how much will have been paid by November. According to Abbott's projections, by the end of November, the city will have paid $3,659,566.54 to the IRS. This will result in a total (projected) overpayment of $199,587.56, which the city will receive back, subject to IRS approval.