The rural Boulder town brewery, Fate Brewery has an official Colorado business registration, one that’s not looking so hot right now. That’s because the company is currently in debt to ol’ Uncle Sam, with $300,000 worth of tax liens from the Colorado local government and the IRS, with these concerns apparently having been an issue of the company since 2015.
Fate Restaurants LLC, owner of the Fate Brewery currently owes two liens to the IRS totaling at $269,325. Company owner Michael Lawinski says that these liens are not a new development, but are related to another lien currently in effect for the company back in 2016, which amounts to $83,799.
On top of all that, Lawinski also has a lien against him, on a personal property, somewhere in Louisville for $59,290, which was levied in January of 2018. Lawinski states that this lien was simply a refiling of an issue from the past, Fate Restaurants LLC has been working with the same IRS examiner on these liens since 2016. He states, matter of factly, that it was old news to the company.
Lawinski has refused to comment on the liens, even the newer, more expensive ones. Officials from the IRS had the same sentiment, refusing to reveal details about the liens.
Paul Weissman, Boulder County Treasurer, says that interest and fees are capable increasing the financial values of liens. He says that he thinks that Fate Restaurants LLC are currently on a payment plan to deal with their unpaid taxes.
Official records from the Colorado Department of Revenue show that the local government is owed for $18,780 for taxes on liquor excise and unpaid sales from 2015-2017. A department spokesperson says that the liens are public record for 15 days after payment.
Another issue bearing down on Fate’s Colorado business registration, is a court record case regarding owing Buffalo Lock & Key for $2,084 unpaid fees for services rendered. Buffalo President Cindy Angell said that the lawsuit was dismissed and that the bill has also been paid.
Lawinski has stated that these liens were not Fate experiencing financial problems, that the company was not worried about the prospect of losing market share.