The Internal Revenue Service contended that the taxpayer had accumulated profits in excess of accumulations required to conduct its recycling and scrap material processing business, the replacement of its key employee, the purchase of additional equipment and machinery, related costs of operating its business and assessed tax deficiencies for the taxpayers’ years ended June 30, 1995 and 1996. Pursued refund of accumulated earnings taxes paid on the theory that the accumulations were not excessive. D.J. Mahoney Co. v. United States of America, Central District, Peoria Division Case No. 00-1436.