FedEx claims IRS misstep, seeks $89 million refund

By , Daily Memphian Published: November 05, 2020 3:20 PM CT

FedEx says it overpaid federal taxes by more than $89 million for 2018 and 2019, because of a flawed Internal Revenue Service rule about taxing foreign profits.

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Topics

FedEx IRS income taxes Tax Cuts and Jobs Act
Wayne Risher

Wayne Risher

Business news reporter, 43-year veteran of print journalism, 35-year resident of Memphis, University of Georgia alumnus and proud father and spouse of University of Memphis graduates.


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