A quick review of the federal tax liens filed in Multnomah County as listed in last Fridays Portland Business Journal revealed this curious item:
Saucebox, Inc. 214 S.W. Broadway, Portland 97205 $160,196 (941)
941 would indicate that the lien is for unpaid withholding taxes on employee salaries. Also of note is the amount ($160,196). That is quite a bit of unpaid withholding for an operation the size of Saucebox. These liens are not that uncommon and the IRS is notorious for moving quickly on failure to pay withholding taxes because it is often the first death rattle of a company. You can continue to pay your employee’s their wages, you just begin to skip remitting the calculated withholding because cash flow is tight and you need the bucks to pay suppliers. Soon as the Feds see a couple of payments missed, they move in to get what is theirs before the doors slam shut for good.
No idea what this means for the other pieces of the empire, but it can’t be good.