United States Federal Circuit

In a taxpayer's action seeking review of a decision of the Court of Federal Claims dismissing with prejudice their complaint for an income tax refund based on financial losses plaintiffs sustained as victims of a fraudulent investment scheme, the Claims Court decision is vacated and remanded where the court both misinterpreted Treas. Reg. section 1.165-1(d)(3) and improperly required abandonment of their arbitration claim.

Appellate Information

• Published 2017/05/05

Judges

• O'MALLEY

Court

• United States Federal Circuit

Counsel