Friday, July 27, 2007

Ingersoll-Rand profit up, says IRS eyeing taxes

(Reuters) - "We believe that the numbers the IRS are kicking around are not realistic," said Herbert Henkel, chairman and chief executive of Ingersoll, which makes products ranging from refrigerated trailers to air compressors and security technology. "To put a number out there at this point in time would be misleading."




Henkel said it would "be surprising" if the IRS did not look into tax filings from subsequent years.


Read more at Reuters.com Hot Stocks News

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