Caz Limo says future is unclear; Owes more than $230K to IRS, $145K from private judgments

Published 02/20 2014 12:08PM

Updated 02/20 2014 06:31PM

Updated at 1:04 p.m. on Thursday, Feb. 20

DeWitt (WSYR-TV) – A prominent limousine and transportation service that closed Wednesday owes hundreds of thousands of dollars - and management now says the company's future is unclear.

A Federal tax lien was filed against Caz Limo's property in 2011.

It owes $233,142 to the IRS, according to documents obtained by NewsChannel 9.

In addition, Caz Limo owes $81,721 as result of one private judgement in favor of a plaintiff who loaned the company money, and $67,505 as a result of a separate case.

Documents outlining both private judgments were filed in February 2014 in Onondaga County.

Management told NewsChannel 9 the company was making its scheduled payments to the IRS on the money owed to the Federal government.

The $81,721 judgment, however, resulted in the bank freezing Caz Limo's accounts, management said.

On Wednesday, the company said it had the money to pay the judgment, but could not as long as its accounts were frozen.

Caz Limo closed its doors on Wednesday citing a "financial situation" according to a letter posted on its storefront dated Feb. 19.

Birnie Bus is working with Caz Limo to accommodate its customers.

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