The Internal Revenue Service has withdrawn a tax lien of more than $980,376 facing a well-known Scranton lawyer.
The IRS filed notice in Lackawanna County Court on Wednesday that it removed a lien filed in March against Carl Greco. The lien sought $853,409 in individual income taxes for 2005 through 2009 and $126,979 in employer taxes from 2008 through 2010.
Mr. Greco, who maintains a private law practice, also is solicitor to the Scranton Sewer Authority and the Scranton Redevelopment Authority. He declined to comment.
The filing could signal a resolution of the issue.
According to IRS regulations, tax liens can be withdrawn if the action violated legal procedures or was filed too soon, if the taxpayer enters an installment agreement to satisfy the obligation, or if the removal allows the person to pay the taxes more quickly.
David Stewart, regional spokesman for the IRS, declined to comment.
Michael Gillen, director of tax accounting at the Philadelphia office of Duane Morris LLC, a New York-based accounting firm, said liens also are withdrawn because of satisfaction of the tax obligation, an error in the amount or a discharge of the liability by transfer of the debtor's property.
Sometimes, he said, liens are removed and later refiled for different amounts.
"It doesn't necessarily mean the matter is dead," said Mr. Gillen, former president of the Pennsylvania Institute of CPAs.
Contact the writer: jhaggerty@timesshamrock.com