IRS Lifts Asset Freeze on Blues Society Bank that Misfiled Taxes - KAIT Jonesboro, AR - Region 8 News, weather, sports

Helena-West Helena, AR

IRS Lifts Asset Freeze on Blues Society Bank that Misfiled Taxes

HELENA-WEST HELENA, AR - The Internal Revenue Service has lifted a levy on a bank account of the group sponsoring the Arkansas Blues and Heritage Festival.

But Rayne Gordon, president of the Sonny Boy Blues Society, says the organization still faces some financial woes.

The IRS placed a levy on some of the society's assets last month for taxes that were improperly filed.  Gordon says the society is now negotiating with the IRS on whether they will have to pay penalty fees associated with their tax problems.

Despite limited funds and no full-time festival director, plans are continuing for the 2007 Arkansas Blues and Heritage Festival, formerly known as the King Biscuit Blues Festival.

The festival board is currently working to book artists, vendors and volunteers, and planning two fundraisers for this year's festival, scheduled for October 4-6.

Gordon says that fundraisers are planned for Little Rock and Memphis, and all proceeds will benefit the blues society and the blues festival.

(Copyright 2007 by The Associated Press.  All Rights Reserved.)

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