MoneyGram International v. CIR

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Case overview

Case Number:

20-60146

Court:

Appellate - 5th Circuit

Nature of Suit:

Tax Court 

Companies

Sectors & Industries:

  1. June 02, 2021

    MoneyGram Can't Claim $38M Tax Deduction, 5th Circ. Says

    MoneyGram International can't claim a $38 million tax deduction on millions in losses incurred during the Great Recession because the company doesn't qualify as a bank that provides deposit services, the Fifth Circuit ruled.

  2. November 02, 2020

    MoneyGram Can't Get Tax Break On $541M Loss, 5th Circ. Told

    MoneyGram International should not receive larger tax deductions afforded to banks on $541 million in losses incurred during the Great Recession because it doesn't receive deposits from customers or make loans, the U.S. told the Fifth Circuit.

  3. August 04, 2020

    MoneyGram Entitled To $541M Tax Loss As Bank, 5th Circ. Told

    MoneyGram International behaves as a bank, which should allow it to claim a larger tax deduction on $541 million in losses incurred during the Great Recession, the business recently told the Fifth Circuit.