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Recently the irs has joined the debate because they say the

1. Recently, property/casualty insurance companies have been criticized because they reserve for the total loss as much as 5 years before it may happen. Recently the IRS has joined the debate because they say the full reserve is unfair from a taxation viewpoint. What do you believe is the IRS position?

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Accounting Basics: Recently the irs has joined the debate because they say the

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