Tax Court Denies Oil Co.'s Midyear Accounting Change

By Matthew Villmer (November 20, 2013, 8:13 PM EST) -- The U.S. Tax Court on Wednesday denied Alaskan oil giant Veco Corp.'s claims for more than $5 million in accelerated depreciation deductions, saying the company had failed to prove that liabilities under contracts giving rise to the deductions had occurred during the taxable year in question....

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