Bailed-out AIG wants $30.2 million in tax interest
Source: msnbc.com
American International Group, the insurance giant saved by a massive federal bailout, says it wants some tax money back — from 1991.
AIG is suing in Federal Claims Court in Washington for $30.2 million. It says that's how much interest is owed from an overpayment 21 years ago.
The company says it underpaid its taxes in the late 1990s. But it claims it overpaid in 1991, so the interest owed in the various tax disputes works out in AIG's favor.
AIG says it filed the lawsuit on Thursday because the statute of limitations on its claims was about to run out.
Read more: http://bottomline.msnbc.msn.com/_news/2012/07/06/12602774-bailed-out-aig-wants-302-million-in-tax-interest?lite
= new reply since forum marked as read
they will not go after you for it. (Unless it is part of an on going fraud or other criminal behavior.)
Why the heck should AIG, which underpaid later taxes and got a heck of a lot more than 30.2 billion dollars in their bail out get anything? Their seven year period was up in 1999.
Plus, if a tax payer fails to file for a refund in three years, that refund is forfited...
(edit: who, whom, which... and all that grammar stuff ;
)
