Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Ford Gets New Court Hearing on $445 Million Interest Bid

Ford Motor Co. will get a new hearing in its bid to collect $445 million in interest on overpaid taxes, as the U.S. Supreme Court told a lower court to take a fresh look at the case.

A federal appeals court had upheld the Internal Revenue Service’s method of calculating the interest owed to Ford, the second-largest U.S. automaker.

The Supreme Court today told the appeals court to consider whether Ford’s bid for interest should have been filed in a different court.

The fight stems from money Ford deposited with the IRS to cover possible underpayments for nine tax years from 1983 to 1994. Ford later requested that the IRS treat the money as advance payments toward any additional taxes the automaker might owe. The agency eventually decided that Ford had overpaid its taxes for those years.

Ford contends that the interest on the overpayments should have begun to accrue when the company deposited the money. The IRS says the starting date should be when Ford told the agency to treat the money as advance payments. Two lower courts agreed with the IRS.

The case is Ford v. United States, 13-113.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.