Ex-CEO's $40M Loss Deductions Not Legitimate, Justices Told

By Yvonne Juris · September 6, 2019, 6:08 PM EDT

The Fifth Circuit correctly found that a former investment firm CEO couldn't claim $40 million in loss deductions on foreign currency transactions that lacked a business purpose, and that decision should...

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Case Information

Case Title

Keith A. Tucker, et ux., Petitioners v. Commissioner of Internal Revenue

Case Number

19-41

Court

Supreme Court

Nature of Suit

Tax Court 

Date Filed

July 05, 2019