IRS Sues FDIC Now Over Silicon Valley Bank Tax

March 2, 2024

Washington DC, Monday, February 19, 2024 – The US Internal Revenue Service (IRS) filed a lawsuit on February 13, 2024, against the Federal Deposit Insurance Corporation (FDIC) seeking to recover an estimated $1.45 billion in unpaid taxes owed by the failed Silicon Valley Bank (SVB). The dispute centers on the FDIC’s disallowance of the IRS’s […]