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bankruptcy tax

bankruptcy tax

Mark Wilson/Getty Images
Mark Wilson/Getty Images
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Court Says Farmers Must Pay Bankruptcy Tax

WASHINGTON (AP) — The Supreme Court says a farming family has to pay tax on the bankruptcy sale of their farm.

The high court on Monday voted 5-4 for the IRS in its fight with Lynwood and Brenda Hall over their bankruptcy sale of their 320-acre farm in Willcox, Ariz

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