Legal Opinion
McMenamy v. Director, Division of Taxation
New Jersey Tax Court
Decided September 25, 1981PublishedCited by 8 opinions
1Opinion of the Court
HOPKINS, J. T. C.
This is an appeal from a determination of the Director of the Division of Taxation that plaintiffs are liable for additional taxes, as provided by the New Jersey Gross Income Tax Act, N.J.S.A. 54A:1 — 1 et seq., for the tax year 1976, in the amount of $4,040.35, together with penalty of $200.72 and interest of $602.15.
Plaintiff taxpayers contend that defendant Director erred in taxing income realized on Edward L. McMenamy’s exercise on December 15, 1976 of a “nonqualified” stock option which had been received from his employer to provide incentive and a reward for his…
2Cases cited21 opinions
- Eisner v. MacOmberSupreme Court of the United States · 1920
- Eisner, Internal Revenue Collector v. MacOmberSupreme Court of the United States · 1919
- Commissioner v. LoBueSupreme Court of the United States · 1956
- Commissioner v. SmithSupreme Court of the United States · 1945
- MacLaughlin v. Alliance InsuranceSupreme Court of the United States · 1932
16 more not listed; retrieve them via the Exa API.
3Cited by8 opinions
- Bonanno v. Director, Division of TaxationNew Jersey Tax Court · 1992
- DuBois v. Director, Division of TaxationNew Jersey Tax Court · 1981
- McMenamy v. Director, Division of TaxationSupreme Court of New Jersey · 1983
- Sabino v. Director, Division of TaxationNew Jersey Tax Court · 1997
- Mutch v. Division of TaxationNew Jersey Tax Court · 1988
3 more not listed; retrieve them via the Exa API.