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Latest Headline
02/17/2012
Clergy No Longer Allowed to Have Tax Exemption on Multiple Homes

A US federal appeals court ruled that clergy members cannot claim tax exclusion on more than one home. The 3-0 decision on Feb. 8, 2012 overturns a 7-6 US Tax Court decision in Mar. 2011 that ruled Phil Driscoll was exempt from federal income tax on $408,638 used to purchase a lakefront second home.
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