Popular Press
Quoted in Tax Notes Today on Court’s Overpayment Interest Decision Limits Forum Choice
Tax Notes Today
(2020)
Abstract
In Bank of America, the Federal Circuit continued a recent trend toward rejecting the Sixth Circuit's Scripps decision and concluding that district courts do not have jurisdiction over stand-alone overpayment interest suits over $10,000. This may herald a decisive change, with a decision on the issue by the Eleventh Circuit in Paresky likely next year. The decision has a significant impact on Bank of America, under the Federal Circuit's interest netting decision in Wells Fargo, and also has possible implications in other areas.
Keywords
- tax,
- tax law,
- jurisdiction,
- overpayment interest,
- Bank of America,
- Federal Circuit,
- Sixth Circuit,
- Scripops,
- Second Circuit,
- Pfizer,
- interest netting,
- Wells Fargo,
- Eleventh Circuit,
- Paresky
Disciplines
Publication Date
July 7, 2020
Citation Information
Emily Foster. "Quoted in Tax Notes Today on Court’s Overpayment Interest Decision Limits Forum Choice" Tax Notes Today (2020) Available at: http://works.bepress.com/robert-probasco/109/