|Perrysburg mayoral candidate faces $17,000 income tax lien|
|Written by Sentinel-Tribune Staff|
|Thursday, 03 October 2013 10:09|
PERRYSBURG - Mayoral candidate Michael Olmstead says he is working to rectify a more than $17,000 income tax lien filed against him.
Documents indicate that a praecipe - an order requesting legal documentation - was filed against Olmstead in the Wood County Court of Common Pleas on July 2 by the Ohio Department of Taxation in the amount of $17,155.90. The case is before Judge Reeve Kelsey.
In an interview Wednesday, Olmstead, the CEO of Performance Over Pain Physical Therapy in Perrysburg, indicated that the filing is the result of the break up of a previous business, Physical Therapy Consultants LLC, owned by himself and his former wife, Julianne Olmstead. That business is now defunct.
"When I was divorced there was a business break-up as well," he said. "And as a result of the business break-up, it ended up being a tax owed. That's currently being handled. I have lawyers that are working to address that."
He said that the monies involved in the matter, while not technically income, are treated as such through an accounting rule for limited liability companies.
Olmstead, a two-term city councilman, is running against Laura Hummer, wife of Lake Township Police Chief Mark Hummer, in the Perrysburg mayoral race.
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