Seven-figure delinquent: After negotiating incentives, company owes Guilford, Greensboro $1M in overdue taxes

Seven-figure delinquent: After negotiating incentives, company owes Guilford, Greensboro $1M in overdue taxes

The company seeks to have $120,000 in accumulated late fees forgiven. Those penalties are in addition to the nearly $500,000 in unpaid taxes for 2024 and $464,000 for 2023 that accrued after what LT Apparel called an “oversight.”

The two inevitables of life

Yes, I used to be the taxman. But that ended almost 20 years ago, so I hope you will forgive me. I was a revenue officer with the N.C. Dept. of Revenue for almost 30 years. It was not an easy job, no one likes paying taxes, myself included. But if you’re going to have state supported public services, like highways and schools, the money has to come from somewhere. Along the way, I tried… Source