June 08, 2023
A federal court dismissed a California man's claim that he was exempt from net investment income tax because he paid tax in South Korea to fund social programs there, after he agreed to withdraw his complaint seeking a $638,000 refund.
November 03, 2022
The U.S. government asked a California federal court to dismiss a man's request for a $638,000 net investment income tax refund, saying he wrongly believed foreign tax credits should offset his bill.
April 25, 2022
A California man mistakenly paid about $638,000 in net investment income taxes, which, as a native of South Korea, he is not obligated to pay under the U.S.' treaty with that country, he told a federal court.