Reinhardt v. Commissioner
United States Tax Court
Petitioners deducted as real estate taxes a payment made in 1973 to redeem their property from the State of California. The redemption was necessitated by the existence of a tax lien on the property attributable to unpaid real estate taxes which accrued on such property prior to the time petitioners purchased the property.
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Petitioners deducted as real estate taxes a payment made in 1973 to redeem their property from the State of California. The redemption was necessitated by the existence of a tax lien on the property attributable to unpaid real estate taxes which accrued on such property prior to the time petitioners purchased the property. The payment covered not only the delinquent taxes but also various penalties, costs, and fees that must be paid when redeeming property from the State of California. Held, the delinquent taxes, delinquent penalty, costs, and fees must be capitalized, but petitioners may…
1Opinion of the Court
Al S. Reinhardt and Miriam Reinhardt, Petitioners v. Commissioner of Internal Revenue, Respondent
Reinhardt v. Commissioner
Docket No. 3837-77
United States Tax Court
75 T.C. 47; 1980 U.S. Tax Ct. LEXIS 42;
October 8, 1980, Filed
Decision will be entered under Rule 155.
Petitioners deducted as real estate taxes a payment made in 1973 to redeem their property from the State of California. The redemption was necessitated by the existence of a tax lien on the property attributable to unpaid real estate taxes which accrued on such property prior to the time petitioners purchased the property. The…
2Cases cited11 opinions
- Deputy, Administratrix v. Du PontSupreme Court of the United States · 1940
- Enoch v. CommissionerUnited States Tax Court · 1972
- Magruder v. SuppleeSupreme Court of the United States · 1942
- United States v. ChildsSupreme Court of the United States · 1924
- Meilink v. Unemployment Reserves Comm'n of Cal.Supreme Court of the United States · 1942
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