WASHINGTON (AP) — The Supreme Court won’t hear an appeal from Ford Motor Co. seeking to recover about $450 million in interest on taxes the company overpaid the Internal Revenue Service.
The justices on Monday left in place a lower court ruling that upheld the IRS’ refusal to pay the interest.
The case began when Ford made an $875 million payment in the 1990s after the IRS said the company had underpaid taxes by nearly $2 billion during the previous decade. Ford initially paid the money as
a cash bond, but later asked the IRS to treat it as an advance tax payment.
The IRS ultimately determined that Ford’s deposit was an overpayment, but said interest started accruing only when it was converted to an advance tax payment. Ford disputed that decision.
- Posted June 26, 2015
- Tweet This | Share on Facebook
Justices won't hear appeal of overpayment
headlines Macomb
- Special insight: Tax attorney relishes opportunity to help people
- Gov. Whitmer Proclaims March 2026 as March is Reading Month
- Nessel sues DHS, FEMA to recover grants to combat terrorism
- Warren man sentenced after conviction of First-Degree Child Abuse
- Court of Appeals decision keeps BlueOval Battery Park project on track
headlines National
- Judge orders SCOTUSblog founder Goldstein to home confinement until sentencing
- Plaintiff testifies about addiction in trial against social media companies
- EEOC reverses course on transgender workers’ right to choose restrooms
- Amazon sues review-selling websites, alleging fake online reviews
- Police identify employee at assisted living facility in murder of philanthropist attorney
- New directory of private lending options created as student loan regulations shift
