WA tax bill helps sink Portland mattress business
Wednesday, January 4, 2012
PORTLAND, Ore. (AP) -- Mattress World owner Sherri Hiner says her business collapsed under the weight of a slow economy and a $2 million tax bill from the state of Washington.
The 15-year-old Portland company is closing seven stores. Two others are independently operated.
Hiner told The Oregonian (http://is.gd/FFxeUU) she wasn't aware she had to collect sales taxes on mattresses delivered to Washington residents, if she didn't have a store in that state.
Washington tax officials conducted an audit of her records back to 2003 and demanded the $2 million.
Information from: The Oregonian, http://www.oregonlive.com