Colony Brands Inc. v. United States

IN THE UNITED STATES DISTRICT COURT FOR THE WESTERN DISTRICT OF WISCONSIN COLONY BRANDS, INC., Plaintiff, OPINION and ORDER v. 21-cv-720-jdp UNITED STATES OF AMERICA, Defendant. Plaintiff Colony Brands, Inc. seeks a tax refund from defendant the United States of America, contending that the government has wrongfully denied a deduction for interest expenses on certain promissory notes. The government moves for partial summary judgment on one issue, seeking to establish that the notes are “short-term debt” because the notes stated that they were payable on demand. Dkt. 37. The court will deny…