David E. Stone, et al v. Commissioner of Internal Revenue Service
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April 01, 2024
Justices Won't Review Mortgage Vehicles' Tax Break
The U.S. Supreme Court declined Monday to take up a case from a group of whistleblowers who pressed for an Internal Revenue Service review of tax-exempt status for real estate mortgage investment conduits.
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September 20, 2023
11th Circ. Asked To Force IRS Probe Of Whistleblowers' Claims
Whistleblowers who lodged complaints with the IRS that certain companies issuing mortgage-backed investments have been dodging taxes told an Eleventh Circuit panel on Wednesday that their concerns should be investigated, saying the agency is ignoring a congressional mandate to enforce the law.