IRS: Jim Press owes nearly $1 million in back taxes
September 18th, 2009 by Bill Cawthon
According to the Detroit Free Press
Deputy CEO Jim Press owes the U.S. government nearly $1 million in back taxes and the Internal Revenue Service has put a lien on family’s home in
A lien notice filed with the Oakland County Register of Deeds says Press and his wife, Suwichada, have an unpaid balance of $947,409.63 from the tax period that ended December 31, 2007.
Press left Toyota
in 2007 to become part of the team Cerberus Capital Management
hoped would be able to turn Chrysler around. Since Chrysler was a privately-held company, his compensation package was never revealed but was rumored to be in the range of $50 million.
Neither Press or Chrysler spokeswoman Shawn Morgan had any comment on the matter.