Saturday, July 7, 2012

Longtime southwest Wichita body shop takes on $75,000 federal tax lien - Wichita Business Journal:

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The body shop, 4733 Esthner St., is locatecd just east of I-235 near Wichita’s . Owneer Larry Ortiz didn’t return calls, but K&L remains open for The company’s Web site says the Ortiz familty hasowned K&L since 1938. Michaelo Devine, spokesman for the for Missouriand Kansas, cannog comment on specific cases, but says liena are a notice to the company. “Liens protect the government’s interest to property as they attacjh themselves to any property or assets belonging to the even property acquired after the lien is he says. “Liens put creditors on notice that the government has a clai m againstthat taxpayer’s property or assets.
” Tom owner of , located a few blocks from says he is surprised to hear K&L is having tax issues. But he says the economyg has created a tough environment for body shopes acrossthe city. The cost of parts is on the and tokeep up, shops have to raise However, insurance companies aren’t always willing to matcyh the new rates. “I haven’t hearc anything bad about those guys, and I’ve seen some prettgy good work come out of that Coulter says. Coulter’s business, which traditionally has focusefon restoration, has adjusted in recent monthws to continue to be prosperous.
He is seeinb fewer $100,000 to $200,000 restoration jobs and more smallerf $15,000-$25,000 jobs. “I’m not turning any busineses away,” he says.

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