Federal Export Corp. v. United States

This is a suit to recover taxes alleged to have been overpaid for the year 1918, together with interest, aggregating. *82about a million dollars. The plaintiff is what is commonly referred to as the parent company of six affiliates.

It appears that plaintiff on June 15, 1919, filed on behalf of itself and its affiliates a return for the year 1918 showing a tax of $1,486,145.12 and that payment was made of $1,-141,695.49. In November, 1919, plaintiff filed a claim for abatement (requesting a special assessment) and on July 14. 1920, a claim for refund on the ground that a net loss had been…