Bar Association retirement fund does not qualify as business league

ABA Retirement Funds, promoted by the American Bar Association to provide retirement accounts for its members, does not qualify for exemption as a business league under Section 501(c)(6) of the Tax Code, the federal District Court in Chicago has held. It has denied a claim for refund of nearly $500,000 in federal income taxes paid for the years 2000-2002.

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Bar Association retirement fund does not qualify as business league

Bar Association retirement fund does not qualify as business league