Cigarette Distributor May Not Deduct From Taxes For Unpaid Settlement Payments

Cigarette Distributor May Not Deduct From Taxes For Unpaid Settlement Payments

WASHINGTON, D.C. - A distributor of imported cigarettes may not claim tax deductions for unpaid obligations to the national tobacco Master Settlement Agreement (MSA), a U.S. Tax Court judge ruled Dec. 4, and is liable for back taxes totaling more than $38 million for the years 2004 and 2006 (Vidal Suriel v. Commissioner of IRS, 141 T.C. No. 16, U.S. Tax).

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