Tax Court Frees Trust From $3.9M Penalty

By Ama Sarfo ( June 25, 2014, 7:21 PM EDT) -- The U.S. Tax Court on Wednesday released a trust from paying accuracy-related penalties on $20.3 million in delinquent taxes incurred by corporations it formerly owned, since the trust sold the companies in good faith and was unaware of a tax-avoidance scheme the purchaser allegedly implemented....

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