info@ustax.cpa |+ 353 1 6834066-    ( Morrison Chambers, 32 Nassau Street, Suite 35, Dublin D02 P2N6 )

A New York couple failed to adequately prove that they should have been able to claim $3.7 million in net operating losses on their personal income taxes that were generated by settlement payments made by a company they owned, the U.S. Tax Court said Monday.