SPINELLA v. DIRECTOR, DIV. OF TAXATION


13 N.J. Tax 305 (1993)

VINCENT SPINELLA AND DIANE SPINELLA, PLAINTIFFS, v. DIRECTOR, DIVISION OF TAXATION, DEFENDANT. FRANK SPINELLA AND LENA SPINELLA, PLAINTIFFS, v. DIRECTOR, DIVISION OF TAXATION, DEFENDANT.

Tax Court of New Jersey.

June 21, 1993.


Attorney(s) appearing for the Case

Susan DiNicola for plaintiffs (Susan DiNicola, attorney; Frank P. Spinella, Jr., admitted pro hac vice on the brief).

Mary R. Hamill for defendant (Robert J. Del Tufo, Attorney General of New Jersey, attorney).


CRABTREE, J.T.C.

Plaintiffs seek review of defendant's denial of their respective claims for refund of gross income tax for taxable year 1987. Plaintiffs claim that they received no tax benefit from partnership losses sustained in prior years and, therefore, the income they realized in a certain foreclosure sale should be reduced.

All the relevant facts have been stipulated and the case is submitted pursuant to R. 8:8-1(b).

At all times pertinent...

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