By Mark Melton, Mark Miller and Brad Seltzer ( July 11, 2025, 3:57 PM EDT) -- In a significant win for taxpayers, on June 17 the U.S. Tax Court ruled in AbbVie Inc. v. Commissioner that a $1.6 billion break fee paid by AbbVie qualifies as an ordinary and necessary business expense under Section 162 of the Internal Revenue Code....
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