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Famous Tax Quotes - “Tax Language”

2016-05-19

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:

Like many other terms, liquidation does not mean in tax language what it may in ordinary speech.

Abegg v. Commr., 429 F.2d 1209 (2d Cir. 1970).

Tags: Other - Famous Tax Quotes