Investing Co. Eyes Settlement of $10M IRS Deduction Dispute - McDermott Will & Emery

Investing Co. Eyes Settlement of $10M IRS Deduction Dispute

Overview


Laura Gavioli represents a Puerto Rico-based unit of an emerging markets investment group in efforts to settle its suit challenging an IRS determination that disallowed a $10 million deduction arising from a failed international investment. The company has asked US Tax Court to hold the case in abeyance pending a settlement.