David E. Stone, et al., Petitioners v. Commissioner of Internal Revenue
Case Number:
23-903
Court:
Nature of Suit:
Firms
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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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February 22, 2024
IRS Failed To Investigate Tax Exemption Abuses, Justices Told
A group claiming the IRS has ignored abuses of tax-exempt status by certain issuers of mortgage-backed investments asked the U.S. Supreme Court to review a ruling affirming the agency's discretion, saying billions of dollars in taxable income are at stake.