Wells Fargo Sues U.S. Claiming $350 Million in Excess Taxes
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Wells Fargo & Co. sued the U.S. government claiming it’s owed more than $350 million in refunds for tax overpayments.
Some excess payments were caused by “computational and data entry errors” by the Internal Revenue Service, and the government hasn’t acted on its claim for a refund, Wells Fargo said today in a lawsuit filed in the U.S. Court of Federal Claims in Washington.