NU Online News Service, July 10, 2:25 p.m. EDT
American International Group is entitled to over $30 million from the government due to overpayment of taxes in 1991, according to a complaint the insurer filed in the United States Court of Federal Claims.
The complaint states that AIG overpaid taxes in 1991 and underpaid taxes in 1997, 1998 and 1999. “AIG has made its best efforts to claim netting benefits to which it would be entitled as a result of matching the tax overpayments determined for its taxable year 1991 against equivalent tax underpayments that so far have been determined for its taxable years 1997, 1998 and 1999,” the complaint continues.
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