Where’s My Tax Refund, Asks Ford

July 11, 2008
Ford Blue Oval Logo

Ford Blue Oval Logo

Still waiting for your tax refund? Just be grateful you're not Ford Motor Co. The cash-strapped automaker has filed suit against the tax man, claiming the IRS owes it a whopping $445 million.

The problem, says Ford, is that the government miscalculated interest on tax payments from 1983 through 1989 and again from 1992 to 1994.

When you're a company that has lost $15.3 billion over a two-year stretch, anything helps.

A Ford spokesperson said that because of the size of the money the automaker is seeking, it had "no choice" but to sue, reports the Detroit Free Press.

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