Post by Logan on Dec 29, 2016 22:53:47 GMT -6
Red Bank mayor, aided by ex-con's loan, set to payoff tax debt
RED BANK - Mayor Pasquale "Pat" Menna said he plans to pay off a $40,000 federal tax lien by year's end, his financial woes eased by a $75,000 loan from a convicted car thief.
The IRS placed the $40,146 lien on Menna's home in October 2013 after what the mayor described as a "confluence of circumstances," including a significant shift in his law practice and major health issues that cut into his income.
"It's painful, but it's a reality," Menna said. "I've tried to deal with it quietly."
Menna is the third official whose federal tax lien has become public in recent weeks. Earlier this month, the Asbury Park Press revealed Middletown Committeewoman Stephanie Murray has a $78,000 tax lien on her home. A week later, news broke that Ocean County GOP chairman George Gilmore was being investigated by the IRS, which placed $1 million in federal liens on his property.
Read more: www.app.com/story/news/politics/monmouth-county/2016/12/29/pat-menna-federal-tax-lien/95867734/
RED BANK - Mayor Pasquale "Pat" Menna said he plans to pay off a $40,000 federal tax lien by year's end, his financial woes eased by a $75,000 loan from a convicted car thief.
The IRS placed the $40,146 lien on Menna's home in October 2013 after what the mayor described as a "confluence of circumstances," including a significant shift in his law practice and major health issues that cut into his income.
"It's painful, but it's a reality," Menna said. "I've tried to deal with it quietly."
Menna is the third official whose federal tax lien has become public in recent weeks. Earlier this month, the Asbury Park Press revealed Middletown Committeewoman Stephanie Murray has a $78,000 tax lien on her home. A week later, news broke that Ocean County GOP chairman George Gilmore was being investigated by the IRS, which placed $1 million in federal liens on his property.
Read more: www.app.com/story/news/politics/monmouth-county/2016/12/29/pat-menna-federal-tax-lien/95867734/