Dana Messina, et al v. CIR
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March 04, 2020
9th Circ. Won't Reconsider Denying Casino Owners' Losses
The Ninth Circuit said Wednesday that it won't reconsider its decision to deny two California casino owners losses for loans they said they made to their company to purchase debt from another corporation in which they had an interest.
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February 11, 2020
Casino Owners Ask 9th Circ. To Rethink Denial Of Loss Claims
Two California casino owners have asked the Ninth Circuit to rethink its denial of claimed losses, saying they were personally on the line for debt purchased by a company they owned under the substance of the transaction.
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January 02, 2020
9th Circ. Affirms Casino Owners Lack Stake In Debt Losses
Two California casino owners cannot overturn a $300,000 tax bill because they lacked a personal stake in losses they claimed had passed through from a company they owned, the Ninth Circuit has ruled.
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September 17, 2018
Casino Owners Have Personal Stakes In Losses, 9th Circ. Told
Two California casino owners have asked the Ninth Circuit to recognize their personal basis in debt losses and overturn a $300,000 tax judgment against them in the U.S. Tax Court, saying in a reply brief that they should be able to rely on the substance-over-form doctrine to claim certain losses.
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July 26, 2018
IRS Urges 9th Circ. To Affirm Casino Owners' Additional Tax
The Internal Revenue Service has asked the Ninth Circuit to uphold a U.S. Tax Court decision that two California casino owners owed more than $300,000 in taxes after the disallowance of losses from a debt in which they had no personal basis.