2nd Circuit Reverses, Remands; Bankrupt Worldcom Must Pay Taxes, IRS Claim

2nd Circuit Reverses, Remands; Bankrupt Worldcom Must Pay Taxes, IRS Claim

NEW YORK - A panel of the Second Circuit U.S. Court of Appeals on July 22 reversed and remanded a case in which a bankruptcy court had granted bankrupt Worldcom Inc.'s objection to a claim filed by the Internal Revenue Service and had said that the IRS should refund Worldcom the amount it paid in excise taxes (Internal Revenue Service v. Worldcom Inc. $(In Re: Worldcom Inc.$), No. 12-803, 2nd Cir.; 2013 U.S. App. LEXIS 14763).

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