Judge orders IRS to pay Buffett's firm more than $23 million

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Judge orders IRS to pay Buffett's firm more than $23 million

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Judge orders IRS to pay Buffett's firm more than $23 million

http://www.omaha.com/index.php?u_pg=46&u_sid=2054496
A federal judge on Friday ordered the Internal Revenue Service to pay billionaire Warren Buffett's investment company more than $23 million in taxes and interest for disallowing certain deductions.

The IRS first disallowed the deductions after tracing $750 million in borrowed money to Berkshire's purchase of stocks in several companies, including Coca-Cola Co., Time-Warner Inc. and Wells Fargo & Co., according to court records.
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