Thread regarding ExxonMobil Corp. layoffs

ExxonMobil Seeks Refund, Citing $1.9 Billion in Overpaid Taxes

Exxon Mobil Corp. filed a complaint seeking an IRS refund of taxes and penalties for two tax years over what it claims is the government’s unlawful tax treatment of its Qatari partnership.
The complaint filed in the U.S. District Court for the Northern District of Texas, Dallas Division, didn’t specify a total amount sought but it detailed a roughly $1.9 billion gap between what the oil giant requested in taxes, penalties, and interest and what the IRS previously refunded, adding that a further refund tied to issues outside the lawsuit “is currently pending.”

https://news.bloomberglaw.com/daily-tax-report/exxonmobil-seeks-refund-citing-1-9-billion-in-overpaid-taxes

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| 1521 views | | 3 replies (last March 8, 2022) | Reply
Post ID: @OP+1fBPgV1H

3 replies (most recent on top)

I knew someone who sued XOM. He folded his self-funded case when the XOM lawyers took the judge to lunch every day. XOM is corrupt through and through.

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Post ID: @3wdj+1fBPgV1H

Can't challenge the IRS unless you pay their asserted amount first. XOM wins most of these cases.

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Post ID: @gmu+1fBPgV1H

Poor XOM-being taken advantage of by the man.

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Post ID: @bue+1fBPgV1H

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