Ford Motor Co. is suing the Internal Revenue Service, claiming the agency owes the automaker $445.3 million in interest on tax overpayments.
Ford said the interest dated back to tax overpayments for 1983-1989, 1992 and 1994. Ford filed the lawsuit in the U.S. District Court in Detroit after a long-running dispute with the IRS. The struggling automaker has been in negotiations with the IRS on the amount, but the discussions broke down last year.
“Ford believes the IRS failed to pay the correct amount of interest on Ford’s tax overpayments,” said Ford Motor Co. corporate news manager Marcey Evans by e-mail. “We tried to resolve it at the administrative level without success. Because of the size of the amount and the dispute, we felt we had no choice but to file.”
