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418 <br /> BLACKMAN & SLOOP <br /> crivrirteo PUOLIC ACCOUNTANTS <br /> NCNB PLAZA P D.DRAWER 929 <br /> WILLIAM C BLACKMAN CPA CHAPEL HILL, NORTH CAROLINA 27514 JAmes H.SLOOP CPA <br /> AREA CODE 919/942.8709 <br /> May 22, 1981 <br /> 4r. Bill Laws, Tax Supervisor <br /> Orange County Board of Commissioners <br /> 106 East Margaret Lane <br /> Hillsborough, North Carolina 27278 <br /> Re: Personal Property Levy for 1980 Listing <br /> Dear Mr. Laws: <br /> It has come to my attention that the Intimate Bookshop, Inc. ,. <br /> has received a personal property levy for filing discrepancies on <br /> its North Carolina income tax return for the fiscal year ended <br /> March 31, 1980, and on its Orange County property listing for the <br /> calendar year 1979. <br /> Following our audit report of the Intimate Bookshop, Inc. , <br /> for the year ended March 31, 1979, the inventory listing on the <br /> 1980 Orange County property listing should be $183,322.00 (copies <br /> of the March 31, 1979, balance sheet and North Carolina income tax <br /> return are attached) . The inventory listing on your levy is <br /> $239,139.00, which represents inventory for the year ended March <br /> 31, 1980; according to Ms. Donna Smith, the March 31, 1980, figure <br /> belongs on the 1981 Orange County property listing (copies of the <br /> March 31, 1980, balance sheet and North Carolina income tax return <br /> are attached) . <br /> We are unable to reconcile the equipment figures from our <br /> audit report or the- federal and North Carolina income tax returns <br /> to the equipment listing on your levy. We would appreciate your <br /> review of the attached copy of the March 31, 1980, balance sheet, <br /> of the March 31, 1980, North Carolina income tax return and the <br /> 1981 Orange County property tax listing. <br /> We would appreciate your assistance with the appeal of the <br /> personal property levy for the 1980 listing. <br /> Very truly yours, <br /> BLACKMAN & SLOOP <br /> Thomas C, Chenoweth <br /> enclosures <br />