RERI Holdings I, LLC, et al v. Cmsnr. IRS

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Case Number:

17-1266

Court:

Appellate - DC Circuit

Nature of Suit:

  1. May 24, 2019

    DC Circ. Denies $33M Deduction For Land Gift To U Of Mich.

    The D.C. Circuit on Friday said real estate developer Stephen M. Ross and his partners could not deduct $33 million for land donated to the University of Michigan in 2003 and sustained a 40% penalty.

  2. September 07, 2018

    Real Estate Biz Urges DC Circ. To Allow $33M Land Gift

    A real estate partnership asked the D.C. Circuit to reverse a U.S. Tax Court decision that prevented it from taking a deduction for the charitable donation of a $33 million land gift, arguing the business entity acted reasonably and the government failed to satisfy its burden of proof.

  3. July 24, 2018

    IRS Urges DC Circ. To Affirm Tax Denial Of $33M Land Gift

    The U.S. Tax Court rightly disallowed a charitable contribution deduction exceeding $33 million by now-dissolved real estate partnership RERI Holdings I, the IRS recently told the D.C. Circuit, saying that the inflated deduction, for a land donation, was part of a larger scheme of deduction claims.