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Very definitely . . . probably

2011-03-17

Continuing our series on Famous Tax Quotes (quotes from court opinions and rulings with language that is colorful or that concisely states an important tax principle) today's tax quote is:

The court very definitely indicated that a different conclusion would probably have been reached if the amount retained was clearly in excess of a reasonable amount necessary to liquidate liabilities.

Rev. Rul. 57-518

Tags: Other - Famous Tax Quotes