Henderson councilman may still owe millions to IRS

Henderson Councilman Dan Shaw owed the federal government millions of dollars from a failed business venture.

And he still might.

Tax records show that in 2015, the Internal Revenue Service re-filed liens against Shaw totaling nearly $2.4 million. The following year, the government partially revoked a release from another lien, reiterating that he was on the hook for more than $400,000.

The councilman’s financial woes have been publicized, but the extent of the problems was never made clear.

Shaw was the chairman and majority owner of VSS Enterprises, then-owner of the Castaways casino, previously known as the Showboat, located on East Fremont Street. The building was imploded in 2006. His debt to the IRS comes from the company’s failure to pay income, Medicare and Social Security taxes from employee wages at the Castaways in 2002 and 2003, records show.

Read more: https://www.reviewjournal.com/local/henderson/henderson-councilman-may-still-owe-millions-to-irs-1832925/