The petition of the day is:

16-810

Issues: (1) Whether funds forfeited pursuant to a criminal conviction are deductible in cases in which such forfeited funds (in contrast with a simultaneously imposed punitive fine) are earmarked and used to compensate victims of the underlying criminal offense; and (2) whether the U.S. Court of Appeals for the Federal Circuit’s holding in this case that such forfeited funds are not deductible conflicts with the U.S. Court of Appeals for the 2nd Circuit’s holding in Stephens v. Commissioner of Internal Revenue and the U.S. Court of Appeals for the 1st Circuit’s holding in Fresenius Medical Care Holdings, Inc. v. United States.

Posted in Nacchio v. U.S., Cases in the Pipeline

Recommended Citation: Kate Howard, Petition of the day, SCOTUSblog (Feb. 21, 2017, 11:23 PM), https://www.scotusblog.com/2017/02/petition-of-the-day-1097/