United States v. Nevada Partners Fund, LLC

Petition granted, judgment vacated and case remanded for further consideration in light of United States v. Woods on January 13, 2014

Docket No.	Op. Below	Argument	Opinion	Vote	Author	Term
13-343	5th Cir	N/A	N/A	N/A	N/A	OT 2013

Issue: Whether the overstatement penalty in Section 6662 of the Internal Revenue Code applies to an underpayment of tax resulting from a determination that a transaction lacks economic substance because the sole purpose of the transaction was to generate a tax loss by artificially inflating the adjusted basis of property.

Date	Proceedings and Orders (key to color coding)
09/17/2013	Petition for a writ of certiorari filed. (Response due October 17, 2013)
10/15/2013	Order extending time to file response to petition to and including November 18, 2013.
11/18/2013	Brief of respondents Nevada Partners Fund, LLC, By and Through Sapphire II, Inc., Tax Matters Partner, et al. in opposition filed.
11/26/2013	Reply of petitioner United States filed.
12/04/2013	DISTRIBUTED for Conference of January 10, 2014.
01/13/2014	Petition GRANTED. Judgment VACATED and case REMANDED for further consideration in light of United States v. Woods, 571 U. S. ___ (2013).
02/14/2014	JUDGMENT ISSUED.