Financial Accounting News

Supreme Court Hears Case Over Divisive Tax Refund Rule (Podcast)

Dec. 13, 2019, 9:45 AM

U.S. Supreme Court justices turned their attention this term to a long-standing federal common law rule—the Bob Richards rule—that courts have used to determine who gets a tax refund in cases involving a parent company’s bankruptcy.

Bloomberg Tax legal reporter Aysha Bagchi sits down with host Siri Bulusu to describe the controversy and walk through the lively Dec. 3 oral arguments in the case, Rodriguez v. FDIC.

Listen to their conversation on the latest episode of Talking Tax.

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To contact the reporter on this story: Kathy Larsen in Washington at klarsen@bloombergtax.com

To contact the editors responsible for this story: Meg Shreve at mshreve@bloombergtax.com; Colleen Murphy at cmurphy@bloombergtax.com

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