By Don Lehman, The Post Star; May 4, 2018
QUEENSBURY — The Internal Revenue Service has filed a $1.3 million lien against Saratoga & North Creek Railway for unpaid federal income taxes for 2013-15, the biggest debt among a number of tax problems the shuttered company has locally and federally.
The lien was filed in the Warren County clerk’s office last month, alleging SNCR and its parent company Iowa Pacific Holdings LLC owe $1,357,341 in federal income taxes to the IRS. SNCR shut its local operations early last month amid mounting financial issues.
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