An ad hoc group of accountants and lawyers may be close to winning a federal court battle that could help millions of investors claim billions of dollars in overpaid federal taxes for the past 15 years. The group charges the IRS overtaxed stock and cash investors received when mutual life insurance companies reorganized into publicly traded corporations. A trial is scheduled to start June 18 in the Court of Federal Claims. But the clock is ticking for anyone who seeks to claim a refund.
March 05, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
An ad hoc group of accountants and lawyers may be close to winning a federal court battle that could help millions of investors claim billions of dollars in overpaid federal taxes for the past 15 years.
Led by Charles D. Ulrich, a retired accountant in Baxter, Minn., the group charges the Internal Revenue Service overtaxed stock and cash these investors received from mutual life insurance companies when they reorganized into publicly traded corporations.
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