Los Angeles Business Journal

Sumner Redstone Faces IRS Ire

Thursday, May 2, 2013

The Internal Revenue Service says Viacom Inc. and CBS Corp. Chairman Sumner Redstone owes $1.1 million in back taxes, penalties and interest from a series of unreported taxable gifts in 1972 to his son and daughter, including stock in the family’s National Amusements Inc., Bloomberg News and the Los Angeles Times report.