MoneyGram Intends to Appeal Tax Court Ruling to Fifth Circuit

MoneyGram disclosed that on Dec. 3, the U.S. Tax Court issued an opinion denying MoneyGram’s motion for summary judgment in the dispute related to certain tax deductions MoneyGram took with respect to its 2007 and 2008 fiscal years.

• MoneyGram disagrees with many of U.S. Tax Court’s findings & intends to file a Notice of Appeal to Fifth Circuit Court of Appeals
• Neither Tax Court opinion nor ultimate outcome of action will require any additional tax payments to be made to IRS
• MoneyGram may, pending outcome of appeal, be required to file amended state returns & make additional cash payments of ...