Reports of the United States Tax Court, Volume 135United States Tax Court, 2010 Kept up to date by a monthly publication called: United States. Tax Court. Reports. |
From inside the book
Results 1-5 of 73
Page 2
... gross income $ 500,000 of cap- ital gain from the sale in 2000 of property on Summit Road in Santa Barbara , California ( Summit Road property ) , under section 121 ( a ) ; and ( 2 ) whether petitioners are liable for the section 6651 ...
... gross income $ 500,000 of cap- ital gain from the sale in 2000 of property on Summit Road in Santa Barbara , California ( Summit Road property ) , under section 121 ( a ) ; and ( 2 ) whether petitioners are liable for the section 6651 ...
Page 3
... gross income for 2000 , but they asserted that the remaining gain of $ 500,000 was excludable from their income under sec- tion 121. On September 9 , 2005 , respondent mailed peti- tioners a notice of deficiency for 2000 that increased ...
... gross income for 2000 , but they asserted that the remaining gain of $ 500,000 was excludable from their income under sec- tion 121. On September 9 , 2005 , respondent mailed peti- tioners a notice of deficiency for 2000 that increased ...
Page 4
... Gross income means all income from whatever source derived , unless excluded by law . See sec . 61 ( a ) ; sec . 1.61–1 ( a ) , Income Tax Regs . Generally , gain realized on the sale of property is included in a taxpayer's income . Sec ...
... Gross income means all income from whatever source derived , unless excluded by law . See sec . 61 ( a ) ; sec . 1.61–1 ( a ) , Income Tax Regs . Generally , gain realized on the sale of property is included in a taxpayer's income . Sec ...
Page 5
... Gross income shall not include gain from the sale or exchange of property if , during the 5 - year period ending on the date of the sale or exchange , such property has been owned and used by the tax- payer as the taxpayer's principal ...
... Gross income shall not include gain from the sale or exchange of property if , during the 5 - year period ending on the date of the sale or exchange , such property has been owned and used by the tax- payer as the taxpayer's principal ...
Page 9
... gross income up to $ 125,000 of gain from the sale or exchange of a principal residence if the taxpayer ( 1 ) had attained age 55 before the sale and ( 2 ) had owned the prop- erty and used it as a principal residence for 3 or more of ...
... gross income up to $ 125,000 of gain from the sale or exchange of a principal residence if the taxpayer ( 1 ) had attained age 55 before the sale and ( 2 ) had owned the prop- erty and used it as a principal residence for 3 or more of ...
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Common terms and phrases
accuracy-related penalty addition to tax adjustment allowance Appeals officer apply Appointments Clause assessment Caer's estate carryback CDP hearing Chesapeake claim Commissioner Congress corporation Court of Appeals Dalton deduction Derivium determination emphasis added equitable tolling estate tax Federal income tax filed forward contract gross income IBM stock Income Tax Regs income tax return interest Internal Revenue Code Internal Revenue Service issue jurisdiction lake house lien loan loss ment notice of deficiency Ocean Pines Office of Appeals parties partner partnership item payment percent peti petition petitioner petitioner's principal residence provides purposes pursuant PVFCS refund regulations reported respect respondent's Rule schedule section 107 shares Stat statute street light assets supra T.C. Memo Tax Court tax imposed tax liability tax shown taxable taxpayer term Texasgulf tion tioner transaction transfer trust underpayment United Virgin Islands whistleblower windfall tax WISCO withholding credits