Yankees Co-Owner Steinbrenner Beats IRS in Refund Suit
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New York Yankees co-owner and managing partner Hal Steinbrenner prevailed in a lawsuit brought by the Internal Revenue Service seeking to recover $670,494 from what the government alleged was an unwarranted tax refund.
The IRS, in a complaint filed in federal court in Tampa, Florida, sought to reclaim the funds issued to Steinbrenner in December 2009. The refund stemmed from disputes between Steinbrenner and the IRS over the 2001 tax year and audits of the Major League Baseball team’s parent company for 2001 and 2002, according to court papers.