In Re Olsen

MEMORANDUM, OPINION AND ORDER

ROBERT E. GINSBERG, Bankruptcy Judge.

FACTS

This matter comes before the Court on the debtor’s objection to the IRS’s claim for $1,033,541.27 on the grounds that the claim was not timely filed. The debtor Myles Olsen, Jr. and a corporation whose shares are wholly owned by the debtor, Olsen Woodwork Company, Inc., both filed Chapter 11 petitions on June 27, 1985. On July 22, 1985, the IRS filed a claim against Olsen for $165,865 for “941 taxes”, i.e., taxes withheld from wages paid to Olsen Woodwork employees which Olsen Woodwork had allegedly not paid to the IRS. On…