Legal Opinion
Estate of Guzzardi v. Director, Division of Taxation
New Jersey Tax Court
Decided December 6, 1995PublishedCited by 18 opinions
1Opinion of the Court
HAMILL, J.T.C.
There are two principal issues in this gross income tax case. The first is whether, in light of Baldwin v. Director, Div. of Taxation, 10 N.J.Tax 273 (Tax 1988), aff'd per curiam o.b., 237 N.J.Super. 327, 567 A.2d 1021 (App.Div.1990), plaintiff is entitled to offset a 1988 installment sale gain with a capital loss carryover allowed in that year for federal income tax purposes. The second issue is whether plaintiff is entitled to the resident credit with respect to the installment sale gain received by the taxpayer and taxed by New Jersey in 1988 when the total gain was taxed by…
2Cases cited24 opinions
- New Colonial Ice Co. v. HelveringSupreme Court of the United States · 1934
- Zobel v. WilliamsSupreme Court of the United States · 1982
- Oklahoma Tax Commission v. Jefferson Lines, Inc.Supreme Court of the United States · 1995
- Shaffer v. CarterSupreme Court of the United States · 1920
- Lawrence v. State Tax Comm'n of Miss.Supreme Court of the United States · 1932
19 more not listed; retrieve them via the Exa API.
3Cited by18 opinions
- Koch v. Director, Division of TaxationSupreme Court of New Jersey · 1999
- Waksal v. DirectorSupreme Court of New Jersey · 2013
- Marrinan v. State, Director, Division of TaxationNew Jersey Tax Court · 1997
- Sabino v. DirectorNew Jersey Superior Court Appellate Division · 1996
- Guzzardi Estate v. Director, Division of TaxationNew Jersey Superior Court Appellate Division · 1996
13 more not listed; retrieve them via the Exa API.