Memphis Furniture Manufacturing Co. v. United States

ORDER GRANTING IN PART AND DENYING IN PART DEFENDANT’S MOTION FOR PARTIAL SUMMARY JUDGMENT

HORTON, District Judge.

Plaintiff, a furniture manufacturer in Memphis, Tennessee, filed this civil action against the United States seeking a refund of $97,163.87 in federal income taxes plus interest thereon. Plaintiff alleges the overpayment resulted from a requirement of the Commissioner of the Internal Revenue Service requiring plaintiff to change its method of inventory valuation. According to plaintiff, the Commissioner required it to change its method of inventory valuation from the lower of cost…