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TIME: Almanac 1993
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TIME Almanac 1993.iso
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041591
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0415109.000
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1992-08-28
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NATION, Page 39American NotesJUDGMENTSA Big Check From the IRS
With April 15 at hand, it somehow seems fitting that the IRS
has a big payment to make. In what may be one of the largest
awards ever levied against the agency, a federal judge in Houston
ruled last week that the Federal Government must pay $10.9 million
to Elvis Johnson, a retired Galveston insurance executive.
Johnson, now 69, sued the IRS in 1983, claiming that the
agency had destroyed his career. Two years earlier, a federal
prosecutor had promised not to disclose a plea bargain in which
Johnson settled a $6,000 tax-evasion case. Instead the IRS
trumpeted details of the case in a press release. After that
Johnson was pushed out of his job as executive vice president
of the American National Insurance Co., based in Galveston,
Texas. The sweetest part of the award is that some of Johnson's
cash from the IRS will be tax free.