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
- Nonprofit gets boost from ‘Stride for Justice’
- Rochester man sentenced for threatening judge
- State Bar to publish Member-to-Member Referral Guide
- Municipalities encouraged to review public water system settlements claims process before entering into agreements with outside firms
- Supreme Court rules against Colorado ban on 'conversion therapy' for LGBTQ+ kids
headlines National
- Techshow attendees dig deeper into AI uses and capabilities
- ACLU and BigLaw firm use ‘Orange is the New Black’ in hashtag effort to promote NY jail reform
- Where can 1Ls get five-figure signing bonuses?
- Law firms see more cyberattacks, ransomware threats, new report says
- BigLaw’s share of litigation funding dropped in 2025
- Woman faces murder charge after allegedly taking abortion medication
