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Long IslandNassau

Nassau candidate's family business faces tax problems

Nassau County Legis. Ed Mangano (July 13, 2009)

Nassau County Legis. Ed Mangano (July 13, 2009) Credit: Howard Schnapp

The Republican candidate for Nassau's county executive, who is also running on a Tax Revolt Party line, had more than $900,000 in federal and state tax liens against his family business in Bethpage in recent years.

Edward Mangano, a member of the County Legislature from Bethpage since 1995, said Wednesday he no longer has an interest in the company, New Media Printing, although federal tax liens filed as recently as this year were addressed to him.

"I left the business in 1996, '97 - say '98 to be safe," he said.

Mangano also listed an affiliation with the company on his financial disclosure form filed with Nassau County as: "Photonews . . . (part of New Media)."

He said he listed it "because I wanted to disclose I worked there at one point." He also said he listed it because he thought some equipment from Photonews, a company that merged with New Media, might have some value.

Federal tax notices sent to New Media Printing in August of this year are addressed to "Mangano Edward P Gen Ptr" (general partner). Dun & Bradstreet, a company that provides information on corporations, lists in its most recent report of December 2008, Edward Mangano as a partner in the company, along with his brother, John, and another man, Robert Horlacher.

Edward Mangano said he applied for an Employee Identification Number for IRS purposes while he was still with the company, and that his name apparently has remained on its mailing list.

"My brother has had some business problems he is working out. He did not tell me about them. He has a payment plan," Mangano said. "This has nothing to do with me.

"I guess I'll just have to find a way to get my name off all these documents," he said.

John Mangano said Wednesday that he was not aware that his brother's name was still linked with the company, and that he would have it removed. John Mangano said all but $160,000 of the back taxes and penalties had been repaid, and that the original amount was based on IRS estimates and was never more than $380,000.

He said New Media corporate tax records do not show any involvement by his brother. "Up until today, he was not aware of these tax liens," John Mangano said of his brother.

Edward Mangano and another partner own the holding company, MC Realty, that owns the building at 329 Broadway in Bethpage housing New Media. He said he gets rental income from New Media.

The liens are for 13 federal tax periods between 2003 and 2005 for a total of $749,749.38; two other federal tax periods from 2004 and 2006 for $161,072.98; and three state tax periods last year totaling $23,998.18.

New Media Printing produces weekly newspapers, school and union newspapers, and specialty printing.

Mangano's Democratic opponent, incumbent Thomas Suozzi, referred calls to the county Democratic Party chairman, Jay Jacobs. "Either he's lying on his financial disclosure forms when he says that he owns something that he doesn't, or he's lying now," Jacobs said. "And who lists themselves on a disclosure form owning something when they don't?"


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