IRS Properly Denied FedEx's $89M Tax Credit Refund, US Says

By David Hansen · February 22, 2021, 6:32 PM EST

The IRS properly denied FedEx an $89 million refund the company claimed on foreign tax credits but could no longer deduct after regulations were implemented from the 2017 federal tax overhaul,...

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Case Information

Case Title

FEDEX CORPORATION and SUBSIDIARIES v. United States of America

Case Number

2:20-cv-02794

Court

Tennessee Western

Nature of Suit

Taxes

Date Filed

November 02, 2020