IRS And Debt Co. Settle Massive Accounting Row

By Bryan Koenig (May 15, 2017, 2:02 PM EDT) -- The IRS and Portfolio Recovery Associates Inc. managed to settle and avoid trial at the last minute on Monday with a U.S. Tax Court judge agreeing to strike the consumer debt company's challenge to hundreds of millions of dollars in taxes and penalties turning on accounting methods for debt collection enterprises. ...

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