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NJ Army Contractor Fights $1M IRS Bill's Use Of Cash Method

By Jimmy Hoover (May 18, 2015, 1:30 PM EDT) -- A New Jersey munitions response company has protested over $1 million in tax bills and penalties from the IRS, telling the U.S. Tax Court that the company correctly used the accrual method of accounting for income from federal contracts for 2012....

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