Browsing by Subject "Gains Tax"

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S Corporation Entitled to Interest on Overpayment at the Federal Short-Term Rate Plus 2%

Outenreath, Alyson (2006)

This article discusses Garwood Irrigation Co., where the Tax Court addressed a situation in which an S corporation had overpaid the Section 1374 corporate-level ‘built-in gains tax‘ and was entitled to recover the overpayment ...