Tax Court Decision Creates Tax-Free Bond Opportunity For Financial Institution Affiliates.
Mondaq Business Briefing - Nbr. 2008, March 2008
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Case overview
Tax Court Decision Creates Tax-Free Bond Opportunity For Financial Institution Affiliates.
A recent decision by the United States Tax Court gives rise to a favorable planning opportunity for financial institutions and their affiliates that own tax-exempt bonds. The decision in PSB Holdings, Inc. v. Commissioner limits Section 265(b) of the I...
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