NJ School District Owes Taxes To IRS, Implements Corrective Action Plan

ROSELLE, NJ — The Roselle School District is working on a plan to pay back taxes owed to the Internal Revenue Service (IRS).

At the Feb. 24 meeting, the Roselle Board of Education(BOE) accepted a 2023/2024 audit from the firm Lerch, Vinci & Bliss LLP.

"Our audit indicated that the District has been assessed interest and penalties from the Internal Revenue Service (IRS) as a result of a failure to make a proper federal tax deposit, failure to file the required quarterly tax form 941 and failure to pay amounts due resulting from such," according to the district's Corrective Action Plan for 2023/2024 school year.

The plan, which also approved by the BOE at its Feb. 24 meeting, advises that "the District consider engaging a tax consultant to resolve tax matter regarding outstanding balances due to the IRS for failure to remit taxes timely and related penalty and interest charges."

"The district is actively engaged in discussions with the IRS to negotiate a resolution for the outstanding tax obligations. This includes paying taxes owed and seeking penalty and interest abatement where applicable," according to the plan.

The plan also suggests the district's Business Administrator should be responsible for the implementation of the plan.

It is unclear how much money is owed to the IRS.

Roselle Superintendent of Schools Dr. Nathan L. Fisher and School Business Administrator/Board Secretary Irene Gray did not return Patch's request for comment.

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