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LBO |
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LBO
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| Proceeds from the sale-leaseback were used as a component of the LBO financing. Observation: In the case of Fort Howard and for other taxpayers in this situation, loan fees can be deducted in an LBO without a challenge by the IRS. On audit, an IRS field agent took the position that the employer had to capitalize the bonus payments because they were related to the LBO. |
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