Developer, IRS Drop Suit Over $18M Loan Deductions

By Anna Scott Farrell · June 26, 2025, 1:40 PM EDT

A Florida real estate developer seeking $18 million in tax deductions for loans he said became worthless during the Great Recession agreed to drop his suit against the Internal Revenue Service...

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Documents

Case Information

Case Title

William Allen v. Commissioner of Internal Revenue

Case Number

24-10973

Court

Appellate - 11th Circuit

Nature of Suit

Agency 

Date Filed

April 01, 2024


Case Title

Humbolt Investments, LLC v. Commissioner of Internal Revenue

Case Number

24-10169

Court

Appellate - 11th Circuit

Nature of Suit

Agency 

Date Filed

January 17, 2024