Tags » Tax Court

Tax Court: Frequent Flier Miles Are Income

Are frequent flier miles income to U.S. taxpayers? On Tuesday, the Tax Court held that they are. Sometimes, anyway.

What does the Tax Court decision mean to you? 1,126 more words

Income Tax

Princeton University Wants Out of Morristown Courtroom

The Times of Trenton reported this week that Princeton University is seeking a change of venue in a challenge to the University’s local property tax exemption. 330 more words

In The News

Tax Court Prefers Quantitative, Not Qualitative Adjustments

Another County Tax Board judgment was affirmed after the property owner and the municipality both failed to overcome the presumption of correctness of the assessment with evidence that was “definite, positive and certain in quality and quantity. 300 more words

Court Decisions

Didn’t know about your ownership in a partnership? Doesn’t excuse you from paying tax on income from the partnership.

Divorces can be nasty. Just ask Mrs. M. (a prominent Dallas family (aka, divorce) lawyer with whom I live). In this Tax Court Memorandum decision, you get an idea of how ugly things can get, particularly when you drag the IRS into the fray. 428 more words

Personal Taxes

Reasonableness Hearing Requires Access to Assessor’s Files

In a recent appeal, the Borough of Lincoln Park moved to dismiss a property owner’s 2012 tax appeal after the Borough claimed the owner failed to respond to a “Chapter 91” request for income and expense information. 241 more words

Court Decisions

Material Participation and Real Estate

Way back near the end of May, which feels like a very long time ago, we published a couple of pages of overview on how to classify ownership interests in activities as passive vs. 910 more words