Laserfiche WebLink
<br />The Reorganized Debtors in the above-captioned Chapter it <br />cases (the "Reorganized Debtors") hereby amend Debtors' Objection <br />and Motion for Disallowance and Determination of Priorities of <br />Claims of the Internal Revenue Service (Dated 10/02/93). The <br />Internal Revenue Service (the "IRS") amended its proofs of claim <br />against each of the Reorganized Debtors to assert additional <br />income tax liabilities for the tax years 1987, 1988 and 1989. <br />The additional tax liability was claimed by the IRS following an <br />audit of the Debtors' consolidated tax returns for those years. <br />The Debtors previously objected to these claims on the basis <br />that they were untimely filed and should be disallowed. That <br />objection is incorporated herein. After reviewing the basis for <br />these additional claims, the Reorganized Debtors have concluded <br />that the adjustments by the IRS were incorrect. The Reorganized <br />Debtors hereby amend the objection to assert in addition that the <br />additional income tax claims for 1987, 1988 and 1989 years should <br />be disallowed on the grounds that the adjustments made b~' the IRS <br />to the Debtors' tax returns for these years were erroneous. <br />Therefore, even if the Court determines that these claim:; were <br />timely filed, the claims should be disallowed on their mcarits. <br />However, the Court need not reach the merits if it disallows the <br />claims for lateness. The Reorganized Debtors are serving notice <br />of a hearing on the matter of lateness. Only if the Court <br />determines that it will not disallow these claims for la~.eness <br />2 <br />