GREEN BAY, Wisc. — The U.S. Department of Justice has made the first filing from the U.S. Government in the case of Community First Credit Union vs. The United States of America over whether or not the CU had to pay unrelated business income tax in the amount of $54,604.
The CU paid the tax for the taxable year-ending 2006 and admitted many of the facts of the CU's original complaint.
A lawyer familiar with procedures in tax cases but unable to comment for the record, characterized the government's filing as a procedural move and said it would not have been the place for the U.S. to make its arguments before the court as to why it should turn back the CU's complaint.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
