The judge in the Community First Credit Union case rejected the government's appeal of the jury's verdict in favor of the credit union. On May 14, 2009, the U.S. District Court jury in Green Bay found for Community First Credit Union in allowing a refund claim of $54,604 of overpaid unrelated business income tax (UBIT). On July 14, 2009, U.S. District Court Judge William Griesbach rejected the government's claim that the jury lacked an evidentiary basis for its verdict. The IRS now has 60 days to appeal the judge's ruling. The IRS has not yet issued a response to Judge Griesbach's ruling; however, it is likely to appeal.
Average Rating:
Length: 1 pages (PDF 40 kB)