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IRS Wins $60M Tobacco Tax Suit, Must Credit Seized Assets

By Igor Kossov (August 29, 2014, 3:11 PM EDT) -- A Washington federal court on Thursday shot down a Native American cigarette producer's defense against paying about $60 million in excise taxes but also told the U.S. Internal Revenue Service to clarify how it will credit toward that repayment assets it already has seized....

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