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Audit Recovery Co. Fights IRS' Bid For $36.5M Tax Bill

By Jimmy Hoover ( November 15, 2016, 3:02 PM EST) -- Global audit recovery company Connolly Inc. has challenged claims by the IRS that it owes roughly $36.5 million in deficiencies and penalties for the tax year 2012 due to alleged gains by a management subsidiary, arguing the subsidiary possessed hardly anything of value for the time period in question....

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