By RANDY SEAVER, Editor City officials in Biddeford are breathing a sigh of relief today after learning that the IRS will be waiving more than $500,000 in fees and penalties that were levied against the city two years ago. Furthermore, City Manager Truc Dever says the IRS will also refund […]
Tag: IRS
City facing $500k in IRS penalties, fines
By RANDY SEAVER, Editor The city of Biddeford is now facing roughly $500,000 in penalties and fines from the Internal Revenue Service (IRS). According to City Manager Truc Dever, the issue traces back to 2021 when the city failed to submit specific forms detailing employee health insurance. “Initially, the fines […]
