A Ninth Circuit majority affirmed on Thursday an Internal Revenue Service determination denying tax deductions for facility upgrades claimed by two tomato paste producers, with a dissenting judge criticizing the agency’s reversal in rejecting the upgrade deductions it had previously approved.
9th Circ. Rejects Tomato Paste Cos.’ Deductions For Upgrades
by usoftax_admin | Dec 19, 2024 | Tax News