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Famous Tax Quotes - “Tax Language”


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).

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