Endeavor Partners Fund, LLC, et al v. Cmsnr. IRS

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Case overview

Case Number:

18-1275

Court:

Appellate - DC Circuit

Nature of Suit:

- 

  1. November 26, 2019

    Partnership's Forex Trades Were Tax Sham, DC Circ. Affirms

    Ample evidence supported a U.S. Tax Court decision that a partnership rigged foreign currency trades with preset exchange rates to generate $144 million in sham tax losses, a District of Columbia Circuit Court panel ruled Tuesday.

  2. June 26, 2019

    Forex Trades Weren't Rigged Tax Shams, DC Circ. Told

    A U.S. Tax Court decision that a partnership engaged in sham foreign currency transactions solely to generate tax losses rests on a legal error and should be reversed, the partnership has told the D.C. Circuit.