Business Tax Prep Congerville
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Diversified Financial Solutions
102 S McLean St box 651
Lincoln, IL 62656
(217) 732-6529
Personal Tax Preparation Stanford IL
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Subsequent to your liquidation in 1944, the taxpayers had been needed to shell out a judgment arising in the affairs of your liquidated corporation. The taxpayers labeled this payment as an ordinary business loss, which might permit them to take a better deduction for the reduction than would be permitted for the capital reduction.[one]
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