WALSH v. TAXATION DIV. DIRECTOR


183 N.J. Super. 370 (1982)

443 A.2d 1128

HAROLD V. AND PATRICIA K. WALSH, PLAINTIFFS, v. DIRECTOR, DIVISION OF TAXATION, DEFENDANT.

Superior Court of New Jersey, Tax Court of New Jersey.

February 2, 1982.


Attorney(s) appearing for the Case

Harold V. and Patricia K. Walsh, plaintiffs, pro se.

Mary R. Hamill for defendant (James R. Zazzali, Attorney General of New Jersey, attorney).


RIMM, J.T.C.

This is a matter under N.J.S.A. 54A:1-1 et seq., the New Jersey Gross Income Tax Act, in which taxpayers seek to set aside an assessment made by defendant in the amount of $496.12 for the tax year 1977. In addition, there was a penalty of $24.81 and interest in the amount of $105.17.

The dispute between the parties involves the deductibility of interest expense incurred by taxpayers...

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