Tax Break Takes Some of Sting Out of BofA Settlement
MBS settlement could be announced next week
Aug. 15, 2014
By DEON ROBERTS The Charlotte Observer – McClatchy-Tribune Information Services
As Bank of America Corp. prepares for a possible multibillion-dollar settlement with the government, the deal is expected to share a feature common to similar settlements with other banks — a big portion that’s tax-deductible as a business expense.
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