IRS Hits Back At Sunoco Appeal Of Denied $306M Tax Refund
By Kyle Jahner (June 2, 2017, 2:15 PM EDT) -- The government has again hammered Sunoco's bid for a $306 million tax refund, arguing in a brief that the Federal Circuit should affirm a prior ruling that the oil company was trying to double dip on tax credits for alcohol-mixed fuel by claiming deductions for tax expenses it didn't pay.
The 90-page filing Wednesday rejected the contention of Sunoco Inc. that the Court of Federal Claims had disregarded statutory text when it found the government's interpretation of the law more convincing, and it said the statute and established tax principles clearly supported the IRS position.
"Tax credits are not treated as the government's fictional...
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