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 100
Page 4
... taxpayer's income . Sec . 61 ( a ) ( 3 ) . Section 121 ( a ) , however , allows a taxpayer to exclude from income gain on the sale or exchange of property if the tax- payer has owned and used such property as his or her prin- 10 ...
... taxpayer's income . Sec . 61 ( a ) ( 3 ) . Section 121 ( a ) , however , allows a taxpayer to exclude from income gain on the sale or exchange of property if the tax- payer has owned and used such property as his or her prin- 10 ...
Page 5
... taxpayer " as the taxpayer's principal residence " for the required statu- tory period . Respondent contends that petitioners did not sell property they had owned and used as their principal residence for the required statutory period ...
... taxpayer " as the taxpayer's principal residence " for the required statu- tory period . Respondent contends that petitioners did not sell property they had owned and used as their principal residence for the required statutory period ...
Page 7
... taxpayer's principal residence . Because there is more than one possible meaning for both the term " property " and the term " principal residence " , we cannot conclude that the meaning of section 121 ( a ) is clear and unambiguous ...
... taxpayer's principal residence . Because there is more than one possible meaning for both the term " property " and the term " principal residence " , we cannot conclude that the meaning of section 121 ( a ) is clear and unambiguous ...
Page 8
... taxpayers faced hardship as a result of tax on gain realized on the sale of their principal residences— especially where a taxpayer was compelled to sell his prin- cipal residence and move to a new one because of a change in ...
... taxpayers faced hardship as a result of tax on gain realized on the sale of their principal residences— especially where a taxpayer was compelled to sell his prin- cipal residence and move to a new one because of a change in ...
Page 9
... taxpayer generally may exclude up to $ 250,000 of gain realized on the sale or exchange of a prin- cipal residence occurring after May 6 , 1997 , each time the taxpayer sells or exchanges a principal residence and meets the eligibility ...
... taxpayer generally may exclude up to $ 250,000 of gain realized on the sale or exchange of a prin- cipal residence occurring after May 6 , 1997 , each time the taxpayer sells or exchanges a principal residence and meets the eligibility ...
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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