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Monday, October 19, 2009

Forbes: Ruling Says Talbots Used Tax ‘Sham’

by taxnick on October 19, 2009

On its Web site, Talbots boldly says it offers clothing “to flatter women of all shapes and sizes.” But the preppy Massachusetts-based retailer just failed in its effort to hide something else: taxable income from its home-state taxman.
In a recent little-noticed opinion full of fascinating detail, the Massachusetts Appellate Tax Board said Talbots ( TLB [...]

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