Raiders Battling The IRS
The Oakland Raiders couldn´t win this year´s Super Bowl, but they are winning parts of a battle with the Internal Revenue Service. A federal appeals court today ordered renewed litigation on the Raiders challenge to their income taxes.
The Raiders are fighting whether they should be taxed on a $10 million advance they received from the city of Irwindale as part of a proposed loan to help the team move south. In separate action, the Ninth U-S Circuit Court of Appeals sided with the Raiders over a tax dispute from 1984, when the team was in Los Angeles. The team received a $4 million loan to build luxury boxes at Los Angeles Memorial Coliseum. That plan was later canceled.
The Raiders say they shouldn´t have to pay taxes on the loan. The appeals court agreed.