7th Circ. Affirms Family Biz's $92M Loan To Son Not Deductible
By Dylan Moroses · August 7, 2020, 2:51 PM EDT
A Wisconsin holding company improperly claimed bad-debt tax deductions for $92 million in loans granted to its founder's son that the company knew would never be repaid, the Seventh Circuit ruled,...
To view the full article, register now.