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5th Circ. Backs IRS' Denial Of $18M Loss In Tax Shelter Row

By Jeremy Heallen ( June 25, 2013, 7:28 PM EDT) -- The Fifth Circuit said Monday that the Internal Revenue Service properly disallowed an $18 million tax deductible loss a businessman claimed he sustained on investments offered by Bricolage Capital LLC because the loss resulted from an abusive tax shelter....

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