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Recently, property/casualty insurance companies have been criticized because they reserve for the total loss as much as five (5) years before it may happen. The IRS has joined the debate because it says the full reserve is unfair from a taxation perspective. Speculate as to why the IRS would take this position. Support your speculation with evidence or examples and cite the Websites used in your research.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9409719

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