United States Second Circuit

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Trusted Media Brands, Inc. v. US, 17‐3733

Affirmed that a company's claim for a refund of federal taxes based on overpayment in a previous year was untimely. The company argued that its refund claim was subject to an elongated ten‐year limitations period. Disagreeing, the Second Circuit held that the special ten‐year statute of limitations for refund claims in connection with foreign taxes applies only to credits and not deductions. Thus, the company's refund claim was time‐barred.

Appellate Information

  • Decided
  • Published 2018/08/10


  • Parker


  • United States Second Circuit