IRS Never Proved Forex Trades Were Rigged, DC Circ. Hears

By David Hansen · October 23, 2019, 7:08 PM EDT

A U.S. Tax Court decision that a partnership should be denied $141 million in tax losses for engaging in sham foreign currency transactions should be reversed because the IRS never proved the trades...

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Case Information

Case Title

Satellite Partners Fund, LLC, et al v. Cmsnr. IRS

Case Number

18-1278

Court

Appellate - DC Circuit

Nature of Suit

Date Filed

October 03, 2018