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How WaMu Beat the IRS in Intangibles Case

The bank gets credit for rights that one of its acquisitions had picked up in the wake of the savings-and-loan crisis.

May 3, 2011

On March 3, the U.S. Internal Revenue Service suffered a devastating loss to Washington Mutual in a U.S. Appeals Court decision in a tax-refund case concerning the basis of intangible assets acquired in a reorganization. Read more...

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More Turnarounds Articles

  • GM's Chris Liddell Takes Stock

    In the wake of an historic IPO, GM's CFO describes how finance supports the turnaround of this iconic carmaker. March 1, 2011

  • IDT's Reversal of Fortune

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  • Abraham Getzler, Turnaround Pioneer, Dies

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  • Treasury Fixed Snag Prior to GM IPO

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  • Breezing Through Bankruptcy

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  • Eat My Dust

    Ford's Lewis Booth on cash flow, corporate culture, and the competitive spirit. February 1, 2010

  • GM Speeds Up Checks to Suppliers, Government

    The carmaker says it will be able to pay off its debt to the U.S. Treasury faster than expected and aims to keep cash flowing smoothly through its supply chain. November 16, 2009

  • Living with a Scarlet Audit Letter

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  • IRS Widens Net on Mortgage Securitizations

    Many analysts expect that imminent defaults on commercial mortgage loans will alter deal terms. In response, the IRS issues guidance on why some changes to loans held in securitized trusts won't forfeit tax benefits. September 21, 2009

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