July 12, 2018
A federal district court lacks jurisdiction over 10 claims in a lawsuit involving almost $170 million of interest payments Bank of America claims is owed to it by the Internal Revenue Service, the agency said in a brief filed Wednesday.
June 14, 2018
Bank of America Corp. and its affiliates have filed an amended complaint saying the government owes them about $170 million in additional interest on refunds of federal income tax overpayments because, the complaint said, the IRS used the wrong rates when calculating the interest.