FedEx claims IRS misstep, seeks $89 million refund
The world hub project (in a July file photo) is among the capital items FedEx has invsted in. (Mark Weber/Daily Memphian)
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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FedEx IRS income taxes Tax Cuts and Jobs ActWayne 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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