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Spin-Off Of "Cross Financed" Rental Business Does Not Qualify
December 1, 2023
M was engaged in two businesses, operating a hotel and renting improved real estate, both residential and commercial. The hotel business was started upon organization in 1920 a...

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Recent Reports

"True Object" Of A Mixed Transaction Determines Its Taxability
December 1, 2023
The company conducts business as a "travel experience enterprise." The company conducts travel business through two legal entities, CA and CB. CA and CB are sister co...
Is This A Wash Sale?
December 1, 2023
A taxpayer owns stock in Ycorporation which has, unfortunately, declined in price during the period the taxpayer has owned the stock. Thus, the taxpayer is "sitting&...
The State Was Not The "Owner" Of Collected Sales Taxes
December 1, 2023
R started a business in 2014. Between August 2015 and December 2016, R's business filed sales tax returns without paying any sales tax. R's business closed in 2017. The...
Fee For Use Of Golf Simulator Not Taxable
November 30, 2023
Petitioner, (P), is the owner and operator of a golf simulator business. The golf simulator facility has four golf simulators, a bar, and limited food service....