You are reading

Tax department closes Euromarket, business owes $220,000 in back taxes

seized2

Aug. 12, 2016 By Hannah Wulkan

The EuroMarket in Astoria was seized yesterday by the NYS Department of Taxation and Finance, and the store will be shut down until the owners begin to pay the $218,014.80 in back taxes they owe.

The Market, located at 30-42 31st Street, has three open warrants against it for unpaid sales taxes, according to a representative from the Department of Taxation and Finance.

“Seizing a business is always a last resort. We are constantly communicating with business owners long before this happens, and always trying to work with them and resolve outstanding debt,” said the representative.

He added that now that the business is shut down, the department would continue to work with the owners to figure out a way for them to pay what they owe and reopen.

Unpaid sales taxes can escalate to being a criminal offence, punishable by up to 15 years in prison.

Calls to the EuroMarket went unanswered.

seized

email the author: [email protected]

17 Comments

Click for Comments 
Curtis West

Stealing funds from the economic oppessesd residents of the community.ity. that funding was suppose to be use for section 8 funding, for paying g rents of he poor, feeding the poor, school for the poor also bail for those that are being incarcerated on false charges ment to keep men of color locked up with no chance to get out while the charges are 99% of the time dropped proven to be made up. Smh

Reply
Rosstoria

Something is wrong with the top photo. Any car that is parked in that Euro Market zone has always been annihilated with bird poop.

Reply
SuperWittySmitty

Probably paid all their bills first- utilities, rent, salaries, and their vendors, and didn’t have enough left over for the tax man. That’s a big store; the only way for it to run smoothly is to always be busy. That was not the impression I got when I went there. It was usually pretty slow. If you’ve ever tried to run a store like that, you’d know it isn’t easy.

Reply
OutRageous

A business must of made (or sold) a good amount of money to owe $220,000 in state taxes! Wake Up! IMO, they probably purposely let it get to the point of being seized, made as much money off customers they could before the “warning letters” and now perhaps file bankruptcy.

Reply
Zazie

So sad to see this happen to a beloved neighborhood institution. We love this place, the staff has always been so kind and the owner even babysat our keys one day when my husband left for work without them. This is the kind of place you love to have in the neighborhood. I hope they can figure out a solution that works for everyone. 🙁

Reply
eurotrash

Your “beloved neighborhood institution” owes over $200,000 in back taxes. A figure which sounds like took years to reach. There are so many options available before the state goes to the point of seizing property, assets etc. They do not pop in one day and just close your place down unless numerous efforts were made to reach a settlement. Tax cheats and evasion is unfair to the majority of people and especially business’ that pay them!

Reply

Leave a Comment
Reply to this Comment

All comments are subject to moderation before being posted.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Recent News