GE Sues IRS for $658 Million in Tax Refund for Overpayment

... The dispute dates to the 2003 acquisition of ERC Life by Scottish Re Group Ltd.'s Scottish Holdings Inc., the Fairfield, Connecticut-based company said in the complaint. The IRS wrongfully disallowed a capital loss of $2.2 billion that GE ...



via Fairfield Newswire http://www.accountingtoday.com/news/GE-Sues-IRS-Tax-Refund-Overpayment-69643-1.html