IRS defeats Textron over tax accrual work papers

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IRS defeats Textron over tax accrual work papers

August 13 2009

By a 3-2 majority, the US Court of Appeals for the First Circuit ruled on Thursday that the Internal Revenue Service (IRS) can see tax accrual work papers prepared by Textron, an aerospace and defence company, to back up calculations made for its audited financial statements

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