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4th Circ. Rejects BofA's Claim Of Tax Offsets After Mergers

By Anna Scott Farrell ( July 29, 2025, 3:46 PM EDT) -- Bank of America cannot use its tax overpayments to offset interest on tax underpayments by Merrill Lynch just because the two companies later merged, the Fourth Circuit affirmed Tuesday in a $163 million case that affects more than 20 years' worth of tax adjustments....

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