Partnership's $3.1B Losses Rightly Nixed, DC Circ. Told

By Theresa Schliep · June 29, 2020, 6:51 PM EDT

The U.S. Tax Court correctly found that a partnership was a sham intended to avoid taxes and properly disallowed over $3.1 billion in artificial losses for its members, the U.S. told...

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Case Information

Case Title

BCP Trading and Investments, et al v. Cmsnr. IRS

Case Number

19-1068

Court

Appellate - DC Circuit

Nature of Suit

Date Filed

March 20, 2019