Legal Opinion
Stella A. Schaevitz Trust v. Director, Division of Taxation
New Jersey Tax Court
Decided December 14, 1995PublishedCited by 2 opinions
1Opinion of the Court
RIMM, J.T.C.
This case is before the court on stipulated facts and oral argument. Plaintiff, Stella A. Schaevitz Trust, appeals a final determination of the defendant, Director, Division of Taxation, dated September 21, 1992, denying a refund of New Jersey Gross Income Tax for the 1987 tax year in the amount of $9,363 plus interest. There are two issues before the court: (1) does the Director have the authority to review an Internal Revenue Service (“IRS”) determination; and (2) what is the basis for stock sold when part of the purchase price is withheld pending a review of business results?
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On…
2Cases cited26 opinions
- United States v. GilmoreSupreme Court of the United States · 1963
- United States v. DavisSupreme Court of the United States · 1962
- Smith v. Director, Division of TaxationSupreme Court of New Jersey · 1987
- Boagni v. CommissionerUnited States Tax Court · 1973
- Anchor Coupling Company, Inc. v. United StatesCourt of Appeals for the Seventh Circuit · 1970
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3Cited by2 opinions
- Scully v. Director, Division of TaxationNew Jersey Tax Court · 2001
- Tischler v. Director, Division of TaxationNew Jersey Tax Court · 1998