Bank Slams IRS Immunity Claims In $9M Tax Refund Dispute

Law360, New York (January 21, 2014, 4:26 PM EST) -- A D.C. bank fought the Internal Revenue Service's claim that it, along with the U.S. Department of the Treasury and the Federal Deposit Insurance Corp., is immune from a $9 million tax refund suit, arguing Monday that the IRS failed to deliver uncontested tax refunds and is thus liable.

In its latest filing in D.C. federal court, Clark County Bancorporation claimed that recently unearthed documents show the IRS had previously sent two refund checks totaling almost $5 million to an incorrect address, and that because the...
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