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IRS issues tax lien against BK Racing

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The IRS issued a tax lien against BK Racing this week, the third tax lien against the organization since in less than a year.

The tax lien issued Tuesday to the North Carolina Secretary of State’s office against BK Racing is for $180,794.97. The lien is for the tax period ending March 31.

The IRS tax liens filed April 25 to the North Carolina Secretary of State’s office against BK Racing are for $163,925.76 (tax period ending Sept. 30, 2016) and $322,910.62 (tax period ending Dec. 31, 2016).

The three tax liens total $667,631.35.

Devine told NBC Sports that he’s been told by the IRS there will be “no more effort to collect as long as BK Racing stays current. It’s an agreement we worked out with them.

“We’re working out our  differences on the past stuff. The IRS has been nothing but great to work with. They’ve been very accommodating and we’re very pleased with that. Our relationship with them is good.”

Devine called the NBC Sports report: “irresponsible reporting.”

A federal tax lien is the government’s legal claim against property owned by a person or business when they neglect or fail to pay a tax debt.

Each issue is with tax form 941, which is an employer’s quarterly federal tax return. The form reports income taxes, social security tax or Medicare tax withheld from employee paychecks.

The North Carolina Secretary of State’s office stated Friday that it had not received word from the IRS that the April tax liens were resolved. An official with the IRS told NBC Sports that it does not comment on specific cases. BK Racing did not return messages to NBC Sports seeking comment about the tax liens.

The latest tax lien comes in a week when multiple media reports have raised issues about the financial status of the two-car team owned by Ron Devine.

A story by Frontstretch.com detailed the deal between BK Racing and Gray Gaulding to put Gaulding in one of the team’s cars this season. Devine told the site that the team had a $2 million agreement for GGR Enterprises to pay the team for Gaulding to drive the car this season. The report stated that monthly totals of $200,000 from GGR Enterprises to BK Racing were late in March (by seven days) and April (11 days).  

Devine told the site that Gaulding owes him $560,000 in sponsorship money while owing him $1.36 million overall

Also this week, The Final Lap reported that Devine and BK Racing had defaulted on a promissory note for $2 million signed in Feb. 2013. Devine called the report “nonsense.”

A report by Kickinthetires.net in January stated that binding arbitration required BK Racing to pay $1.46 million to Race Engines Plus and that the engine company return equipment and parts to the team in a dispute that dated back to 2013.

BK Racing has Corey LaJoie in the No. 23 car and Brett Moffitt in the No. 83 car this weekend at Watkins Glen. Moffitt, the 2015 Cup Rookie of the Year, also will be in the car next weekend at Michigan.

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Points leader Elliott Sadler clinches Xfinity playoff spot after finishing third at Bristol

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Even though he hasn’t won this year, Elliott Sadler earned himself a spot in the Xfinity Series playoffs Friday night at Bristol Motor Speedway.

Sadler is the fourth driver to qualify for the playoffs. He joins Ryan Reed, William Byron and Justin Allgaier, who clinched spots through race wins.

The JR Motorsports driver and the series points leader finished third in the Food City 300 for his ninth top five of the year.

“Man, we had a great car,” Sadler told NBCSN. “I hit the wall with like 50 to go. Then I threw my water bottle out and it got in the jack man’s way, messed us up. We’re peaking at the right time.”

Sadler has led the Xfinity Series point standings for the last 10 races and following 20 of the 22 races this year.

Following Sadler in the top five is William Byron (-110), Allgaier (-136), Brennan Poole (-186) and Daniel Hemric (-206).

Brendan Gaughan is on the playoff bubble. He is 43 points above the cutoff line. Ross Chastain is 13th on the playoff grid.

Click here for the point standings.

Results, stats for the Xfinity Series race at Bristol

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Kyle Busch won the Food City 300 at Bristol Motor Speedway for his fifth Xfinity Series win of the year.

He led 186 laps and swept all three stages.

Completing the top five were Daniel Suarez, Elliott Sadler, Ty Dillon and Justin Allgaier.

Click here for full results.

Kyle Busch wins Food City 300 at Bristol Motor Speedway

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Kyle Busch once again dominated a NASCAR race at Bristol Motor Speedway, winning Friday night’s Food City 300.

Busch led 186 laps on the way to the win, his fifth Xfinity Series victory of the season.

The Joe Gibbs Racing driver fended off the field in a nine-lap shootout following a late caution.

The top five was completed by Daniel Suarez, Elliott Sadler, Ty Dillon and Justin Allgaier.

Busch moved one step closer to a sweep of the race week. He won Wednesday’s Camping World Truck Series race. If he wins Saturday’s Cup race, it will be the second time he’s swept all three Bristol races after doing it in 2010.

Just like Wednesday, Busch fought through the field after a mid-race speeding penalty to earn the win.

“At least I didn’t have to come through (the field) in the last stage because everybody was pretty fast there tonight in the last stage,” Busch said. “I don’t know if I would have been able to make it all the way back up through there. Suárez gave us a heck of a run there. I was trying to push hard and he was closing in on us a little bit there before that last caution came out. Once that caution came out everything cooled down and my car wasn’t even close to what it was before, so I don’t know how I held on to it. The car was just so sideways.”

The win is Busch’s 91st in the Xfinity Series.

STAGE 1 WINNER: Kyle Busch

STAGE 2 WINNER: Kyle Busch

MORE: Race Results

MORE: Points standings

WHO HAD A GOOD NIGHT: Allgaier led twice for 75 laps and earned his sixth top five of the season … Sadler led once for 15 laps and clinched a spot in the playoffs … Ty Dillon earned his second top five of the season and beset finish in 19 starts … Joey Logano bounced back from a flat tire and going to two laps down to finish ninth.

WHO HAD A BAD NIGHT: Ryan Reed and Aric Almirola wrecked on Lap 25 after they pinched Spencer Gallagher on the backstretch. Almirola finished 38th. … Reed caused the following caution after damage from the previous wreck cut a tire, sending him into the wall. Reed finished 37th … Brendan Gaughan had one unscheduled pit stop for a tire rub. He was then involved in a crash with 15 to go after being tagged by Jeb Burton, who had lost a tire. He finished 30th … William Byron lost a tire with less than 10 to go and had to pit. He finished 22nd.

NOTABLE: With his win, Busch is nine wins away from reaching 100 Xfinity wins. Busch has said he’ll retire from Xfinity competition once he reaches 100 … Dale Earnhardt Jr. finished 13th in his first Xfinity start of the year.

QUOTE OF THE NIGHT: “Two weeks in a row. I know he doesn’t have a lot of race and I like him a lot normally, but right now I’m going to knock the hell out of him. The first time he gave me a flat and the second time he says he blew a tire. If you know you’ve got a tire going then don’t drive underneath somebody. The last couple of weeks I’ve been driven with no respect. We put ourselves back in a decent spot and we’re going to go to Road America and win that sucker.” – Brendan Gaughan after his late wreck with Jeb Burton.

NEXT: Johnsonville 180 at Road America at 3 p.m. ET on Aug. 27 on NBC.

Starting lineup for Cup night race at Bristol

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Erik Jones and Kyle Larson will start on the front row of the Bass Pro Shops NRA Night Race at Bristol Motor Speedway (coverage begins at 7:30 p.m. ET Saturday on NBC).

Jones starts from his first Cup pole.

Completing the top five are Kasey Kahne, Chase Elliott and Matt Kenseth.

Click here for the starting lineup.