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. |
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Results 1-5 of 70
Page 1
... residence for 2 years . Ps wanted to enlarge and remodel the house but were advised by an architect that more stringent building and permit restrictions had been enacted since the house was built . In 1999 , rather than remodel the ...
... residence for 2 years . Ps wanted to enlarge and remodel the house but were advised by an architect that more stringent building and permit restrictions had been enacted since the house was built . In 1999 , rather than remodel the ...
Page 3
... residence . 8 Petitioners ' 2000 return was postmarked on Sept. 5 , 2001 . 9 In the notice of deficiency respondent determined a $ 500,000 adjustment because petitioners had conceded a $ 91,406 capital gain adjustment . assert that ...
... residence . 8 Petitioners ' 2000 return was postmarked on Sept. 5 , 2001 . 9 In the notice of deficiency respondent determined a $ 500,000 adjustment because petitioners had conceded a $ 91,406 capital gain adjustment . assert that ...
Page 4
... requirements of sec . 7491 ( a ) have been met . Moreover , because there are no factual issues in dispute , sec . 7491 ( a ) does not apply . cipal residence for at least 2 of the 5 years 4 ( 1 ) 135 UNITED STATES TAX COURT REPORTS.
... requirements of sec . 7491 ( a ) have been met . Moreover , because there are no factual issues in dispute , sec . 7491 ( a ) does not apply . cipal residence for at least 2 of the 5 years 4 ( 1 ) 135 UNITED STATES TAX COURT REPORTS.
Page 5
... residence for periods aggregating 2 years or more . [ Emphasis added . ] The maximum exclusion is $ 500,000 for a husband and wife who file a joint return for the year of the sale or exchange . Sec . 121 ( b ) ( 2 ) . A married couple ...
... residence for periods aggregating 2 years or more . [ Emphasis added . ] The maximum exclusion is $ 500,000 for a husband and wife who file a joint return for the year of the sale or exchange . Sec . 121 ( b ) ( 2 ) . A married couple ...
Page 6
... residence for the required term , the Summit Road property qualifies as their principal residence and $ 500,000 of the gain generated by the sale of the prop- erty is excluded under section 121 . Because section 121 does not define the ...
... residence for the required term , the Summit Road property qualifies as their principal residence and $ 500,000 of the gain generated by the sale of the prop- erty is excluded under section 121 . Because section 121 does not define the ...
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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