Oil Co. Loses Bid To Recoup $17.7M Tax Refund For Bad Debt
By Joseph Boris ( June 18, 2018, 8:55 PM EDT) -- A Texas federal judge handed the Internal Revenue Service a quick win Monday in a suit brought by oil field services company Baker Hughes Inc. seeking to recover $17.65 million in taxes it claims should have been allowed as a deduction for a bad debt made before it acquired BJ Services Co. in 2009....
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