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IRS Can Deny Defunct Co.'s $600 Offer To Settle $1.6M Debt

By Jack Newsham (May 17, 2016, 2:06 PM EDT) -- The Internal Revenue Service's rejection of an offer by a defunct California energy efficiency business to settle over $1.6 million in back taxes for $600 was upheld by the U.S. Tax Court on Monday, with the court finding there was nothing arbitrary about the agency's rejection....

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