Ginsburg v. US
Case Number:
18-1788
Court:
Nature of Suit:
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April 25, 2019
Fed. Circ. Denies Refund For Tax On $1.9M Brownfield Credit
The Federal Circuit on Thursday denied a New York couple's attempt to recoup some $600,000 in taxes paid on a $1.9 million state brownfield tax credit, saying the funds were considered taxable income.
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July 16, 2018
Couple Tells Fed. Circ. $1.9M State Tax Credit Isn't Income
A New York couple has urged the Federal Circuit to reverse a lower court decision handing a win to the Internal Revenue Service in their suit seeking to recoup a tax refund of more than $600,000, saying a $1.9 million state brownfield tax credit was a return of capital and should not be included in taxable income.