Alcohol & Tobacco Tax & Trade Bureau accepted a $1.8 million offer-in-compromise from Stone Brewing Co., Escondido, Calif.
TTB alleged Stone:
- Underpaid taxes, including misapplication of reduced tax rates, non-payment of excise taxes on inventory shortages, non-payment of excise taxes on unsubstantiated exports and certain other removals.
- Failed to timely file excise returns and pay taxes due.
- Failed to completely document exports.
- Failed to timely submit Brewer’s Report of Operations and submit accurate operational reports.
- Failed to maintain sufficient bond coverage.
The amount of liability being compromised was $2.7 million.