David E. Stone, et al., Petitioners v. Commissioner of Internal Revenue

  1. April 01, 2024

    Justices Won't Review Mortgage Vehicles' Tax Break

    The U.S. Supreme Court declined Monday to take up a case from a group of whistleblowers who pressed for an Internal Revenue Service review of tax-exempt status for real estate mortgage investment conduits.

  2. February 22, 2024

    IRS Failed To Investigate Tax Exemption Abuses, Justices Told

    A group claiming the IRS has ignored abuses of tax-exempt status by certain issuers of mortgage-backed investments asked the U.S. Supreme Court to review a ruling affirming the agency's discretion, saying billions of dollars in taxable income are at stake.