Bank of America Corporation v. United States

UNITED STATES DISTRICT COURT WESTERN DISTRICT OF NORTH CAROLINA CHARLOTTE DIVISION 3:17-cv-00546-RJC-DSC BANK OF AMERICA CORPORATION, ) ) Plaintiff, ) ) v. ) ) ORDER UNITED STATES OF AMERICA, ) ) Defendant. ) ) ) THIS MATTER is before the Court on cross-motions for partial summary judgment filed by Bank of America and the United States (Doc. Nos. 67, 68). Those motions concern interest imposed on tax obligations under the Internal Revenue Code. When a taxpayer owes tax to the government, the Code requires the taxpayer to pay interest on the outstanding tax. 26 U.S.C. § 6601(a). This is called…