Ruling In $377M Foreign Income Suit Creates Split, Justices Told

By David Hansen · December 18, 2019, 4:48 PM EST

A Third Circuit decision upholding taxes on $377 million in income a commodities trader affiliate received from loans guaranteed by foreign partners conflicts with holdings in other circuits and should be...

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Case Information

Case Title

SIH Partners LLLP, Explorer Corporation, Petitioner v. Commissioner of Internal Revenue

Case Number

19-435

Court

Supreme Court

Nature of Suit

tax court 

Date Filed

October 02, 2019