Lessinger, Peracchi, and the Emperor's New Clothes: Covering a Section 357(c) Deficit with Invisible (or Nonexistent) Property
Many of us grew up with the fables written by Hans Christian Andersen. The Emperor's New Clothes is a story about an emperor that was so fond of his clothes that he spent all his money on them. Two swindlers came to town, claiming to be weavers...
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