APRIL 22 I GIBSON GUITAR I FINANCIAL
Gibson’s Tax Troubles
The Internal Revenue Service has filed a lien against Gibson Guitar for $445,994 in unpaid corporate and payroll taxes dating back to 2006, according to an April 14 article in The Nashville Post.
The lien, filed with the Davidson County Register of Deeds, cited Gibson had unpaid payroll taxes totaling $3,350 in 2006 and two years of corporate income taxes of $442,644 from 2007 and 2008.
In a statement issued by Gibson, the company said multiple errors were made in the returns by its previous outside independent tax and auditing firm.
“The company is currently amending each of these returns and believes that, once amended returns are filed, substantial tax refunds will be due and that any penalties or interest claimed due will be abated,” the statement read. “The company was already in communication with the IRS on this issue and is confident this will be resolved shortly.”