Capstone Associated Services, Ltd. v. United States

IN THE UNITED STATES COURT OF FEDERAL CLAIMS ___________________________________ ) CAPSTONE ASSOCIATED SERVICES, ) LTD., ) ) Plaintiff, ) No. 21-913 ) v. ) Filed: September 25, 2026 ) THE UNITED STATES, ) ) Defendant. ) ___________________________________ ) OPINION AND ORDER Plaintiff Capstone Associated Services, Ltd. (“Capstone”), by and through Capstone Holdings Corp., Tax Matters Partner, contests the Internal Revenue Service’s (“IRS”) Notice of Final Partnership Administrative Adjustment (“FPAA”) dated November 13, 2020, which disallowed $239,773 in insurance premium expense deductions…