Energy credit for the prior tax year

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Reference no: EM131152721

Milton Corporation recomputes its energy credit for the prior tax year and, as a result, claims a $100, 00 refund. The IRS reviews the claim and allows only $60, 000 of the requested refund. If Milton does not appeal, is this matter finished? Is Milton certain to receive the full $60, 000 refund allowed? Explain.

Reference no: EM131152721

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