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IRS comes after man tax debt of more than 4 decades

Back in 1972, a man by the name of Sumner Redstone gave his son and daughter stock in National Amusements, Inc., a family business. The IRS is just now saying that Redstone failed to file a gift tax return on that transaction. People in California that make similar gifts may be interested to know that the IRS is just now coming after him for the 41-year-old tax debt.

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