DC Circ. Urged To Review Basis Adjustments In $3.1B Tax Row

By Theresa Schliep · May 21, 2021, 6:22 PM EDT

The D.C. Circuit should reconsider affirming the U.S. Tax Court's basis adjustments in its decision disallowing a partnership's $3.1 billion in losses because those adjustments were erroneous and could result in...

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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