Workers' Comp. Trust Wants $2M IRS Payment Back

Law360, New York (February 18, 2014, 3:39 PM EST) -- A Louisiana workers’ compensation trust for a restaurant group wants returned the over $2 million it paid to the Internal Revenue Service to resolve a deficiency notice, telling a Louisiana federal court Monday the money should have been covered under a grace period given by the IRS.

For decades, the Louisiana Restaurant Association Self Insurance Trust deducted its dividends in accordance with IRS advice, but in 2009, the agency changed its advice upon launching an investigation into the trust’s returns. Since the trust had relied on...
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