Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

IRS is late in paying back $11.5 million, so Mayo Clinic is asking for interest

 

January 13, 2023



ROCHESTER — In the wake of winning an $11.5 million judgment against the IRS in December, Mayo Clinic is back in court to demand interest totaling more than $1.5 million.

On Jan. 6, 2023, Mayo Clinic filed a motion asking U.S. District Judge Eric Tostrud to clarify the specific amount of statutory interest owed by the IRS since the judge in the clinic’s favor on Dec. 10, 2022.

“Mayo respectfully requests that the Court clarify its judgment to specify that $1,557,569.50 in prejudgment interest was due and owed by the USA on the date that judgment was entered, that interest accrued at a rate of $1,256.40 per day between December 10 and December 31, 2022, and that interest has continued to accrue since January 1, 2023 at a rate of $1,617.62 per day,” according to the filing.

https://www.postbulletin.com/health/irs-is-late-in-paying-back-11-5-million-so-mayo-clinic-is-asking-for-interest

 

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