Legal Opinion
Marrinan v. Division of Taxation, Director
New Jersey Tax Court
Decided September 22, 1989PublishedCited by 4 opinions
1Opinion of the Court
HOPKINS, J.T.C.
Plaintiffs have appealed a final determination of the Director, Division of Taxation, asserting a deficiency in New Jersey *543Gross Income Tax (GIT) for tax year 1984, in the amount of $5,706, inclusive of penalty and interest.
The basic issue is whether plaintiff-taxpayer, John C. Marrinan, was in the trade or business of being a securities trader. Predicated upon that determination is whether he is entitled to deduct expenses of operating as a trader in securities. An ancillary question is whether the actions he took in preparing and reporting his taxable income to the Internal…
2Cases cited10 opinions
- Deputy, Administratrix v. Du PontSupreme Court of the United States · 1940
- Flint v. Stone Tracy Co.Supreme Court of the United States · 1911
- Higgins v. CommissionerSupreme Court of the United States · 1941
- Commissioner v. GroetzingerSupreme Court of the United States · 1987
- Smith v. Director, Division of TaxationSupreme Court of New Jersey · 1987
5 more not listed; retrieve them via the Exa API.
3Cited by4 opinions
- Marrinan v. State, Director, Division of TaxationNew Jersey Tax Court · 1997
- Vinnik v. Director, Division of TaxationNew Jersey Tax Court · 1992
- John F. v. Director, Division of TaxationNew Jersey Tax Court · 1991
- M.K. VS. CATASTROPHIC ILLNESS IN CHILDREN RELIEF FUND COMMISSION (CATASTROPHIC ILLNESS IN CHILDREN RELIEF FUND COMMISSION)New Jersey Superior Court Appellate Division · 2020