U.S. District Court Dismisses Taxpayer’s Refund Claim Due to Improperly Executed Amended Returns

The U.S. District Court for the Northern District of Illinois dismissed a taxpayer’s refund claim due to issues with improperly executed amended tax returns. The taxpayer, a corporation, sought a refund of over $1.3 million in taxes paid for the year 2015 through amended returns. The original return was filed as a consolidated return for a group of affiliated corporations. However, the amended returns did not include the required information to support the claimed $18.9 million downward income adjustment. They violated regulations governing consolidated returns and were not properly signed. The court rejected the taxpayer’s argument regarding substantial compliance, stating ...