Family Biz Can Take $92M Bad-Debt Deduction, 7th Circ. Told
By Amy Lee Rosen · February 6, 2020, 6:53 PM EST
The U.S. Tax Court wrongly rejected $92 million in bad-debt deductions claimed by a Wisconsin family-owned company because it expected payments made to the founder's son would be repaid, and the Seventh Circuit should...
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