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Palmolive Building Owners' $10M Penalty Must Stand: IRS

By David Hansen (November 20, 2018, 7:39 PM EST) -- The U.S. Tax Court should not dismiss more than $10 million in accuracy-related penalties against the owners of the historic Palmolive Building in Chicago for misstating the value of the skyscraper's donated easement, and the court must examine the company's intent, the IRS said in a recent filing....

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