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Tax Court Rightly Barred Penalty Challenge, US Tells 2nd Circ.

By Anna Scott Farrell (September 12, 2023, 7:17 PM EDT) -- Six companies that collectively owed more than $380 million in tax liabilities stemming from their participation in a tax avoidance scheme should not be allowed to challenge whether penalties were properly approved after judgments were entered, the U.S. told the Second Circuit on Tuesday....

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