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4th Circ. Backs IRS In Real Estate Co.'s $3.8M Tax Spat

By Hannah Sheehan ( January 11, 2016, 8:34 PM EST) -- A Virginia real estate company misreported $3.8 million it received through land donations to the state's conservation efforts, the Fourth Circuit ruled Friday, saying the IRS correctly determined that a resulting tax credit transaction constituted a disguised sale....

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