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Trusted Media Brands, Inc. v. United States of America
Case Number:
17-3733
Court:
Nature of Suit:
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August 10, 2018
Publisher's $2.1M Tax Refund Claim Tossed By 2nd Circ.
The Second Circuit rejected a tax claim for an overpayment of $2.1 million by the publisher of Reader's Digest Friday, saying the suit was time-barred because the deduction the publisher was trying to claim could not utilize a 10-year statute of limitation period.
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May 24, 2018
Time Limits For Foreign Tax Credits Questioned By 2nd Circ.
A Second Circuit panel asked during oral arguments Wednesday why the government would give taxpayers such as Trusted Media Brands Inc. a 10-year period to choose between using foreign tax payments as a credit or a deduction but only three years to claim the credits on their returns.
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March 08, 2018
Reader's Digest Publisher Hits Back In 2nd Circ. Tax Bout
The publisher of Reader's Digest has slammed the government's argument against its bid to recover $2.1 million in tax deductions, telling the Second Circuit that the government's position was arbitrary and contrary to statutory language.
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February 21, 2018
Publisher's $2M Refund Claim Came Too Late, 2nd Circ. Told
The government asked the Second Circuit on Tuesday to affirm a New York federal court's dismissal of a $2.1 million tax refund suit by the publisher of Reader's Digest, saying the company's request for a refund came too late.
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January 11, 2018
Reader's Digest Takes $2.1M Tax Refund Bid To 2nd Circ.
The publisher of Reader's Digest urged the Second Circuit on Wednesday to revive its bid to recover an alleged tax overpayment of more than $2.1 million, arguing that a New York federal court had interpreted the relevant refund statute too narrowly.