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Assumption Of Mortgage Constitutes "Consideration"
December 3, 2025
The Estate of LRH transferred real property located in Pennsylvania to petitioner, SL. The petitioners claimed an exemption from the realty...

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Recent Reports

Claim For Refund Was Tardily Filed
December 3, 2025
On May 17, 2021, petitioner filed Form IT-201...for tax year 2017. Petitioner requested a refund. The Division issued to petitioner an acco...
Deduction Belonged To Another Taxpayer
December 3, 2025
In November 2014, CP was formed to purchase and develop the Garfield, (the "G"). In January 2015, CP purchased the G for $6 milli...
Redeemed Shareholder Did Not Acquire A Prohibited Interest
December 3, 2025
A and A's child, B, owned all of the stock of both X corporation (X) and Y corporation (Y). In 1985, X redeemed from A all of A's stock for cash. To invoke Sec. 302(a)...
Intent To Change Domicile Was Not Sufficiently Manifested
December 2, 2025
Petitioners, JH and KH, filed form IT-203 for the year 2018. Petitioners reported that they were part-year residents; and that they moved out of New York State on October 29, 2...