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IRS seeking $516,000 from hotel builder. (Goodale and Barberi Cos)
WASHINGTON, D.C. - A Seattle hotel-restaurant development could cost Goodale and Barbieri Cos. $516,000 more than anticipated.
That's how much the Internal Revenue Service has demanded the Spokane hotel company pay in additional taxes for 1995 on the $2.5 million it spent developing a closed bank building into downtown Seattle's Inn on Fifth Avenue. The company filed a petition asking the court to overturn the IRS ruling.
"Basically, we just don't agree with the IRS that should be categorized as income," said Art Coffey, the company's chief financial officer. "Basically, our tax consultants and our attorneys do not believe that services we provide ourselves should …
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- Purchase gives hospitality firm rooms for growth.(Brief Article)
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Magazine article from: Puget Sound Business Journal
SMITH, ROB
June 2, 2000
700+ words
