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Family Fraud: Son On Hook For $5M Electric Co. Tax Bill

By Michael Macagnone (December 14, 2016, 12:34 PM EST) -- A Texas federal judge put the now owner of an electrical service company on the hook for more than $5 million in back taxes owed to the Internal Revenue Service Monday, ruling that he fraudulently hid the tax debt before buying the assets and leaving his parents' corporation with the bill....

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