Tags » Tax Court

Only in Horseshoes and Hand Grenades, Not Tax Court, is Close Good Enough

When the IRS assesses a deficiency against a taxpayer, a taxpayer normally can only challenge the deficiency by first paying the tax due and then filing suit in Federal district court or the Federal Court of Claims. 505 more words

Income Taxes

Princeton University Unable to Shift the Burden

Rarely do taxpayers file tax appeals challenging an exemption claim of someone else’s property.  It is even rarer when that challenge is brought against a private university.  572 more words

Court Decisions

Tax Court Considers House Flipper’s Expense Deductions

With many real estate markets on the rebound, real estate investors are resuming house-flipping strategies to reap profits by, among other benefits, deducting large amounts of related expenses. 878 more words


Lacking Credibility, Taxpayer Loses Fight Against Ch. 91 Motion

An intriguing set of facts unfolded in a fight against the Township’s Chapter 91 motion in R&M Manufacturing v. Twp. of Monroe.  Normally, Ch. 91 requests by municipalities are composed of a cover letter, an income and expense statement (I&E statement), a “Schedule A” with instructions on how to fill them out, and a copy of the… 475 more words

Court Decisions

Expert's Comparable Sales Approach Rejected for Rental Property

In a recent trial before the Tax Court, a taxpayer’s appeal challenging the assessment was unsuccessful due to the taxpayer’s failure to overcome the presumption of correctness.   420 more words

Court Decisions

Failed Redevelopment Site Succeeds in Tax Appeal

Property tax issues arise commonly when a property designated for redevelopment fails to become a reality as originally proposed.  In Seaboard Landing, LLC (“Seaboard”) v. Borough of Penns Grove (“Borough”) 761 more words

Court Decisions

South Plainfield's Income and Expense Requests Ruled Defective

As discussed many times on this blog, Chapter 91 motions are frequently wielded by municipalities in hopes of dismissing tax appeals on income-producing properties.  However, given the extraordinary relief of dismissing a tax appeal, courts have consistently ruled that municipalities must fully comply with all the requirements of… 482 more words

Court Decisions