June 24, 2013
UNITED STATES OF AMERICA, Plaintiff,
TERRANCE K. WATANABE, Defendant.
ANDRÉ BIROTTE JR., United States Attorney, SANDRA R. BROWN, Assistant United States Attorney Chief, Tax Division.
VALERIE L. MAKAREWICZ, Assistant United States Attorney, California Bar Number 229637, Los Angeles, California, Attorneys for United States of America.
JUDGMENT FOR THE UNITED STATES OF AMERICA
STEPHEN V. WILSON, District Judge.
Based upon the Stipulation for Entry of Judgment filed by the parties in this case, IT IS HEREBY ORDERED:
1. Judgment is hereby entered against defendant TERRANCE K. WATANABE in favor of the United States of America in the amount requested by the United States of America in its Complaint filed on June 6, 2012, which is $1, 044, 650.44, plus accrued statutory interest, ($68, 033.54 as computed through May 1, 2012), which will continue to accrue until paid in full.
a. Under 26 U.S.C. § 6602, the United States is also entitled to recover interest on an erroneous refund at the rate set forth in 26 U.S.C. § 6621. Statutory interest includes prejudgment interest until the date of judgment and post-judgment interest thereafter, until payment in full is received by the IRS.
2. Each party shall bear its own attorney's fees and costs.
IT IS SO ORDERED.