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Pharma Rights Transfer Sinks Tax Deficiency, 3rd Circ. Told

By Jeannie O'Sullivan (October 10, 2017, 3:54 PM EDT) -- Hygrosol Pharmaceutical Corp.'s co-founder on Tuesday urged a Third Circuit panel to vacate a $5.8 million federal tax debt imposed on him after the IRS found he wrongly wrote off royalties on technology he developed as capital gains instead of ordinary income, arguing that he no longer owned the technology since he'd signed away the rights to it....

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