TTB accepts a compromise from a distiller after failure to pay excise taxes

According to a notice from the Alcohol and Tobacco Tax and Trade Bureau, Willie’s Distillery Inc. of Ennis, Montana offered $300,000 to settle a $545,934.95 tax liability resulting from alleged failure to pay federal excise tax on distilled spirits.

Willie’s allegedly failed to pay some federal excise tax liability for some periods between April 1, 2014, and Nov. 30, 2017. They expressed doubt as to its collectibility and provided supporting financial documentation that the TTB felt warranted accepting the Offer-In-Compromise, which was a submitted offer of $300,000. The terms of the compromise of tax liability incurred under IRS code are the following:

• Initial payment of $4,000;
• Semimonthly payments of $4,000 for 11 months, $5,000 for 12 months and $6,000 for 5 months;
• And a one payment of $28,000 for the remaining balance.