Companies cash in on synthetic coal credit

Tax loophole created during the 1970s still on the books

Imagine a weekend at the Marriott Hotel in Washington, D.C., or the Hilton Las Vegas

Henck should know. He’s an IRS attorney who says the synthetic fuels program began as a noble effort but has turned into a corporate give-away.

“These people are given the keys to the treasury,” he says. “And it’s very frustrating for a lot of us who have worked on these cases.”

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