Necessary operation expenses need to be defined in UMB, KC tax case

The definition of "necessary expenses of operation" remains unclear in a summary judgment case over protested earnings taxes between United Missouri Bank and Kansas City. The Missouri Court of Appeals for the Western District remanded United Missouri Bank, N.A., Respondent v. City of Kansas City, Appellant to determine whether or not the disputed deductions should ...

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Necessary operation expenses need to be defined in UMB, KC tax case

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